Wall Street Zen upgrades Oceaneering International stock with 2.80 percent target upside
Published on 10/17/2026 at 21:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWall Street Zen changes rating
- Wall Street Zen upgraded Oceaneering International from hold to buy on October 17, 2026, with 2.80 percent target upside.
- Second-quarter revenue reached USD 768.18 million on June 30, 2026, up 10.00 percent year over year.
- Oceaneering International stock last stood at USD 43.79 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 1.72 percent versus the prior close of USD 43.05.
- Oceaneering will report third-quarter results on October 21, 2026.
Wall Street Zen upgraded Oceaneering International from hold to buy in a research report issued on October 17, 2026, according to MarketBeat. The same report cited a consensus target of USD 45.00 against the October 16 price of USD 43.79, putting the target 2.80 percent above the price.
Revenue reached USD 768.18 million in the second quarter ended June 30, 2026, up 10.00 percent from the same quarter a year earlier. Oceaneering also reported diluted earnings per share of USD 0.63, compared with a consensus estimate of USD 0.46, according to MarketBeat.
October 16 price and range
Oceaneering International last stood at USD 43.79 on Nasdaq on October 16, 2026 at 4:00 p.m. ET. The price had risen 1.72 percent from the prior close of USD 43.05. The session volume was 865,963 shares against an average volume of 963,096 shares, while the 52-week range ran from USD 22.13 to USD 54.25.
At USD 43.79, the stock was 19.28 percent below its 52-week high and 97.88 percent above its 52-week low. The move places the stock above its two-hundred-day moving average of USD 42.74 but below its 50-day moving average of USD 48.29, figures reported by The Cerbat Gem for October 16, 2026.
Valuation and October 21 results
Oceaneering carried a market capitalization of USD 4.4 billion and a price-to-earnings ratio of 12.58 as of October 16, 2026. The company is scheduled to report third-quarter 2026 results after the New York Stock Exchange close on October 21, 2026, followed by a conference call on October 22, according to Oceaneering International.
Comparison with peers
Oceaneering International (NYSE, USD): plus 1.72 percent, P/E 12.58, market capitalization USD 4.4 billion.
TechnipFMC (NYSE, USD): plus 2.11 percent, P/E 24.19, market capitalization USD 27.3 billion.
NOV Inc. (NYSE, USD): plus 1.56 percent, P/E 72.81, market capitalization USD 6.7 billion.
Price and upcoming results
The next scheduled company catalyst is the October 21, 2026 earnings release. The October 16 price of USD 43.79 leaves the consensus target of USD 45.00 only 2.80 percent higher, while the quarterly revenue comparison shows the latest operating improvement.
Oceaneering International last stood at USD 43.79 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 1.72 percent versus the prior close of USD 43.05.
Oceaneering International stock data
- Company: Oceaneering International, Inc.
- ISIN: US6752321025
- Ticker: OII
- Primary exchange: NYSE
- Price on Nasdaq as of October 16, 2026, 4:00 p.m. ET: USD 43.79
- Change versus prior close: plus 1.72 percent
- Prior close: USD 43.05
- Market capitalization: USD 4.4 billion (as of October 16, 2026)
- 52-week range: USD 22.13-54.25 (as of October 16, 2026)
- Sector / Industry: Energy / Oil and Gas Equipment and Services
- Next earnings date: October 21, 2026
Market context: Market report S&P 500.
