Oceaneering International: Steady Growth Prospect Despite Margin Concerns

Aug. 01, 2023 5:50 PM ETOceaneering International, Inc. (OII) StockOII
Badsha Chowdhury
1.28K Followers

Summary

  • Oceaneering International is expected to benefit from increasing offshore activity and improved contract terms and pricing in its Subsea Robotics segment.
  • The company has a positive outlook on the offshore market and expects higher bidding activity in its Aerospace and Defense Technologies and autonomous mobile robotics businesses.
  • OII's Subsea Robotics segment is expected to see improved performance with increased ROV utilization and higher revenues, while its Manufactured Products segment may face challenges from a decline in backlog and adverse project mix.
AHTS vessel Island Valiant doing rig move operation for semi submersible rig Borgsten Dolphin next to Dunbar platform

arild lilleboe/iStock Editorial via Getty Images

OII's Growth And Challenges

I discussed Oceaneering International (NYSE:OII) in the past, and you can read the latest article here.

Look forward, I think OII will benefit from increasing offshore activity. ROV utilization increased steeply in Q2 and can hover around that

This article was written by

1.28K Followers
I have more than 14 years of experience in analyzing and writing on stocks. I write on both long and short sides in an unbiased manner. I have been covering the energy sectors for the past 7 years, with the primary focus on the oilfield equipment services sector. I also cover the Industrial Supply industry. I occasionally co-author with Seeking Alpha contributor Thomas Prescott.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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