Should I Buy OII? OII 2026 Analysis

Should You Buy Oceaneering International Inc (OII) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

32.190

1 Day change

8.13%

52 Week Range

32.370

Analysis Updated At

2026/02/05

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Not a good buy right now for an impatient entry: today’s sharp drop (-3.94%) puts price below the pivot (30.328) and near support (29.167), with momentum not clearly re-accelerating.
Despite a constructive longer-term trend (SMA_5 > SMA_20 > SMA_200), near-term risk is elevated with earnings on 2026-02-18 (after hours) and heavy selling signals from hedge funds and insiders.
Options positioning is extremely call-skewed (very low put/call ratios) and IV is high (IV percentile ~76), which can signal bullish speculation but also higher downside whipsaw risk around catalysts.

Intellectia Proprietary Trading Signals

AI Stock Picker: No signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend: Longer-term trend remains bullish (SMA_5 > SMA_20 > SMA_200), but today’s move is a notable pullback.
Momentum: MACD histogram is positive (0.0896) but positively contracting → bullish momentum is fading short-term.
RSI (6): 48.8 (neutral) → no oversold bounce signal yet.
Key levels: Pivot 30.328 (price below it = near-term bearish bias); Support S1 29.167 then S2 28.45; Resistance R1 31.49 then R2 32.207.
Probabilistic trend read: Similar-pattern projection implies modest upside next day/week but slight negative bias over the next month (-0.75%).

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning/Sentiment: Extremely call-heavy (OI put/call 0.03; volume put/call 0.01) → strong bullish skew from options traders.
Activity: Today’s volume 73 with today vs 30D avg volume 7.49x → attention spike.
Volatility: 30D IV 61.31 vs historical vol 43.97; IV percentile 76.49 → options priced rich (market expecting larger moves), often ahead of catalysts (earnings upcoming).
Takeaway: Sentiment is bullish, but elevated IV suggests paying up for exposure and higher probability of sharp swings.

Technical Summary

Sell

Buy

Positive Catalysts

- Strong latest reported growth (2025/Q3): revenue +9.28% YoY, net income +72.88% YoY, EPS +77.5% YoY; gross margin improved to 20.56% (+6.75% YoY).
- Options market skew is strongly bullish (call-dominant positioning).
- Technical structure remains positive on longer-term moving averages (trend not broken yet).
- Potential sector tailwinds if offshore/energy services spending improves (sector-linked upside).

Neutral/Negative Catalysts

- Near-term tape weakness: -3.94% today and below pivot (30.328), with fading momentum (MACD contracting).
- Trading trends: Hedge funds are selling aggressively (reported selling amount up 65921.24% QoQ) and insiders are also selling (selling amount up 216.74% over last month) → unfavorable near-term signal.
- Earnings catalyst risk: QDEC 2025 earnings on 2026-02-18 (AH); EPS estimate 0.44 vs last reported quarter EPS 0.71 (not directly comparable seasonally, but sets a lower bar that can still disappoint).
- No supportive news flow in the past week to counter today’s weakness.
- No recent congress trading data to indicate influential accumulation; no politician/influential figure activity provided.

Financial Performance

Latest quarter provided: 2025/Q3.
Revenue: $742.9M, +9.28% YoY (steady top-line expansion).
Profitability: Net income $71.3M, +72.88% YoY (strong operating leverage).
EPS: 0.71, +77.50% YoY (meaningful earnings acceleration).
Gross margin: 20.56%, +6.75% YoY (margin expansion supports sustainability of earnings growth).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Latest action (2026-01-07): TD Cowen raised price target to $28 from $27 but maintained a Hold rating.
Street tone implied by the note: acknowledges parts of the oilfield/services group look “cheap,” but warns rallies tied to Venezuela/Maduro-related optimism may be overdone and real capital deployment could take time.
Pros (Wall St. view): valuation/sector cheapness narrative; incremental PT raise suggests limited downside versus prior view.
Cons (Wall St. view): still rated Hold; skepticism about near-term catalysts translating into durable earnings upside.

2 Analyst Rating

Wall Street analysts forecast OII stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for OII is 25.5 USD with a low forecast of 23 USD and a high forecast of 28 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

2 Hold

0 Sell

Hold

Current: 29.770

Low

Averages

25.5

High

Current: 29.770

Low

Averages

25.5

High

TD Cowen

Hold

maintain

$27 -> $28

AI Analysis

2026-01-07

Reason

TD Cowen

Price Target

$27 -> $28

AI Analysis

2026-01-07

maintain

Hold

Reason

TD Cowen raised the firm's price target on Oceaneering to $28 from $27 and keeps a Hold rating on the shares. The firm adjusted targets in the oilfield services group as part of a Q4 preview. Many oilfield stocks have responded positively to the capture of Nicolas Maduro, anticipating increased oilfield investment in Venezuela, the analyst tells investors in a research note. However, TD thinks it will take a long time and require a lot of guarantees from the U.S. government for U.S. companies to commit capital. It says the stock rallies on the news may be overdone. However, many names in the group remain "cheap," the firm adds.

TD Cowen

Marc Bianchi

Hold

maintain

$25 -> $27

2025-11-03

Reason

TD Cowen

Marc Bianchi

Price Target

$25 -> $27

2025-11-03

maintain

Hold

Reason

TD Cowen analyst Marc Bianchi raised the firm's price target on Oceaneering to $27 from $25 and keeps a Hold rating on the shares. The firm said its Q3 beat was driven by ADTech and Offshore Projects, while management guided to a return of typical 4Q and 1Q seasonality across SSR and OPG that was absent last year.

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OII Should I Buy

OII Should I Buy

Should You Buy Oceaneering International Inc (OII) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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