Oceaneering International stock gains 4.49 percent on Navy award
Published on 10/05/2026 at 20:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Oceaneering International (ISIN US6752321025) was trading at USD 46.31 on the NYSE on October 5, 2026, up 4.49 percent from the USD 44.32 prior close. The move followed a five-year U.S. Navy contract with a potential value of USD 154 million, giving the aerospace and defense business another multi-year program to execute.
Navy award adds five-year visibility
According to Yahoo Finance on October 1, 2026, Oceaneering's Aerospace and Defense Technologies segment won follow-on work covering Dry Deck Shelter maintenance, overhaul, engineering and field change services.
The contract includes one base year and four option years. The full USD 154 million depends on those options, so the award expands potential backlog and revenue visibility rather than creating USD 154 million of guaranteed near-term sales. Oceaneering has supported the Navy program since 2002, according to Zacks.
Second-quarter earnings beat estimates
Oceaneering reported second-quarter 2026 revenue of USD 768.18 million, up 10 percent from the year-earlier quarter. Quarterly EPS reached USD 0.63 versus a USD 0.46 consensus estimate, a USD 0.17 beat, according to MarketBeat in its October 5, 2026 coverage.
The latest standardized quarterly figures show operating profit of USD 88.237 million and net income of USD 63.580 million for Q2 2026. Operating cash flow was USD 55.206 million in the same period, giving the contract story a stronger financial backdrop than a stand-alone order announcement.
Analysts keep a cautious target
MarketBeat reports a Hold consensus from five analysts, with four Hold ratings and one Buy rating. The average 12-month price target is USD 45.00, below the USD 46.31 NYSE quote, while Barclays previously raised its target from USD 39.00 to USD 47.00 in a July 27, 2026 report carried by MarketBeat.
Oceaneering International stock stays below its high
Oceaneering International stock was trading at USD 46.31 on the NYSE on October 5, 2026, with volume of 248,492 shares. Its 52-week range was USD 22.02 to USD 54.25, and its market capitalization was USD 4.6 billion.
Oceaneering International stock facts
- Company: Oceaneering International, Inc.
- ISIN: US6752321025
- Ticker: OII
- Trading venue: NYSE
- Price (as of October 5, 2026, 2:05 p.m. ET): USD 46.31
- Market capitalization: USD 4.6 billion (as of October 5, 2026)
- 52-week range: USD 22.02-54.25 (as of October 5, 2026)
- Sector / Industry: Energy / Oil and Gas Equipment and Services
Upcoming dates for Oceaneering International stock
- October 21, 2026: Third-quarter 2026 results after the NYSE close
- October 22, 2026: Earnings conference call at 11:00 a.m. ET
