Oceaneering International Inc

NYSE: OII
$24.91
+$0.36 (+1.5%)
Closing price April 26, 2024
Oceaneering International Inc is a global provider of engineered services and products primarily for the offshore energy sector, with a focus on deepwater applications. Its offerings include robotic solutions like remotely operated vehicles for underwater tasks such as drill support, pipeline inspection, and maintenance. The company also serves the defense, aerospace, manufacturing, and entertainment industries with technologies ranging from autonomous robots to digital solutions for asset management. Founded in 1964 and based in Houston, Texas, Oceaneering aims to support complex industrial operations both below the sea and beyond.
While many on Wall Street remain negative, a series of new reports from RBC make some bold calls on offshore drilling and offshore services.
While there is absolutely no guarantee that these companies are acquired, they all are interesting contrarian value play stocks to buy in aggressive growth portfolios on their own.
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This week's insider selling was lighter than we have seen over the past month. Any large year-end rally could induce more selling.
Deutsche Bank met recently with more than 20 oil service companies in Houston and came away with data and opinions that investors can benefit from going forward.
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