Last $69.56 USD
Change Today +0.48 / 0.69%
Volume 667.4K
OII On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

oceaneering intl inc (OII) Snapshot

Open
$69.36
Previous Close
$69.08
Day High
$69.77
Day Low
$69.00
52 Week High
10/21/13 - $87.64
52 Week Low
02/3/14 - $66.00
Market Cap
7.5B
Average Volume 10 Days
779.0K
EPS TTM
$3.68
Shares Outstanding
108.0M
EX-Date
08/27/14
P/E TM
18.9x
Dividend
$1.08
Dividend Yield
1.41%
Current Stock Chart for OCEANEERING INTL INC (OII)

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oceaneering intl inc (OII) Details

Oceaneering International, Inc., together with its subsidiaries, provides engineered services and products primarily to the offshore oil and gas industry worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles that are operated from the surface to support drilling; and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair services. As of December 31, 2013, it owned a fleet of 304 ROVs. Its Subsea Products segment constructs various subsea hardware products, which include various types of subsea umbilicals utilizing thermoplastic hoses and steel tubes; tooling, and ROV tooling and work packages; production control equipments; blowout preventer control systems; installation and workover control systems; clamp connectors; pipeline connectors and repair systems; subsea and topside control valves; and subsea chemical injection valves. The company’s Subsea Projects segment performs subsea oilfield hardware installation and inspection, maintenance, and repair services; serves deepwater projects and shallow water projects; and performs subsea intervention and hardware installation services, including subsea well tie-backs, pipeline/flow line tie-ins and repairs, pipeline crossings, umbilical and other subsea equipment installations, and subsea intervention, as well as inspection, maintenance, and repair services. Its Asset Integrity segment provides asset integrity management and assessment services, and nondestructive testing and inspection services. The company’s Advanced Technologies segment designs, develops, and operates robotic systems and ROVs for non-oilfield markets; performs commercial theme park animation and civil works projects; and designs, develops, and fabricates spacecraft hardware and high-temperature insulation products. Oceaneering International, Inc. was founded in 1965 and is based in Houston, Texas.

12,200 Employees
Last Reported Date: 02/20/14
Founded in 1965

oceaneering intl inc (OII) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $777.4K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $375.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $531.8K
Executive Vice President
Total Annual Compensation: $583.4K
Senior Vice President of ROVs
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2013.

oceaneering intl inc (OII) Key Developments

Oceaneering International, Inc. Presents at Morgan Stanley Summer Houston Energy Summit, Aug-26-2014

Oceaneering International, Inc. Presents at Morgan Stanley Summer Houston Energy Summit, Aug-26-2014 . Venue: Houston, Texas, United States. Speakers: Marvin J. Migura, Executive Vice President.

Oceaneering International, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter, Second Half and Full Year of 2014

Oceaneering International, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $927,407,000 compared to $820,372,000 a year ago. Income from operations was $161,311,000 compared to $146,337,000 a year ago. Income before income taxes was $160,545,000 compared to $144,250,000 a year ago. Net income was $110,295,000 or $1.02 per diluted share compared to $98,811,000 or $0.91 per diluted share a year ago. EBITDA was $216,959,000 compared to $194,733,000 a year ago. Year over year, quarterly EPS increased on profit improvements from Subsea Products, Remotely Operated Vehicles (ROV), and Subsea Projects. Sequentially, quarterly EPS rose on higher operating income principally from Subsea Products and Subsea Projects. Capital expenditures totaled about $157 million, of which $60 million was invested in ROV’s; $29 million was spent on Subsea Projects; $26 million on Subsea Products; and $40 million in the announced acquisitions of AIRSIS, to enhance the asset tracking service they offer on offshore drilling rigs and vessels engaged in subsea activities. For the six months period, the company reported revenue of $1,767,608,000 compared to $1,538,924,000 a year ago. Income from operations was $294,173,000 compared to $254,627,000 a year ago. Income before income taxes was $293,333,000 compared to $253,518,000 a year ago. Net income was $201,520,000 or $1.86 per diluted share compared to $173,660,000 or $1.60 per diluted share a year ago. EBITDA was $403,430,000 compared to $354,426,000 a year ago. For the third quarter of 2014, the company is projecting EPS of $1.10 to $1.15. The company expects sequential improvements in income from all of operating business segments, led by ROVs. They are also expecting year-over-year third quarter profit increases for each of its business operations, led by Subsea Products. On a macro basis, they remain convinced that its strategy to focus on providing services and products to facilitate deepwater exploration and production remains sound. The outlook for the second half of this year remains positive and unchanged overall from last quarter. The company still believes that they will achieve record results for the year and are narrowing its 2014 EPS guidance to a range of $3.95 to $4.05 from $3.90 to $4.10. Compared to 2013, they continue to forecast income growth for its entire oilfield operating segments in 2014. The company anticipates generating EBITDA of at least $855 million.

Oceaneering International, Inc. Declares Quarterly Dividend, Payable on September 19, 2014

Oceaneering International, Inc. announced that its Board of Directors declared a regular quarterly dividend of $0.27 per common share. The dividend is payable on September 19, 2014 to shareholders of record at the close of business on August 29, 2014.

 

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OII

Industry Average

Valuation OII Industry Range
Price/Earnings 18.9x
Price/Sales 2.1x
Price/Book 3.5x
Price/Cash Flow 18.8x
TEV/Sales 2.1x
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