Oceaneering Intl price target raised to $27 from $25 at TD Cowen

Investing.com - TD Cowen has raised its price target on Oceaneering International (NYSE:OII) to $27.00 from $25.00 while maintaining a Hold rating on the offshore services provider’s stock. The new target aligns closely with InvestingPro’s Fair Value assessment, suggesting the stock may be slightly undervalued at its current price of $23.29.

The price target increase follows Oceaneering’s third-quarter earnings beat, which TD Cowen attributes primarily to strong performance in the company’s Advanced Technologies (ADTech) and Offshore Projects segments. The company reported earnings of $2.31 per share over the last twelve months and maintains a perfect Piotroski Score of 9, indicating exceptional financial strength.

Management has guided investors to expect a return of typical fourth-quarter and first-quarter seasonality across its Subsea Robotics (SSR) and Offshore Projects Group (OPG) segments, patterns that were notably absent during the previous year.

TD Cowen notes that Oceaneering’s initial guidance for 2026 came in below market expectations but appears conservative in its assessment.

The firm highlighted that a previously announced marine mobility award in Oceaneering’s ADTech division provides multi-year visibility, which helps offset near-term softness in offshore activities and mixed project timing.

In other recent news, Oceaneering International Inc. reported impressive financial results for the third quarter of 2025, surpassing both earnings and revenue expectations. The company achieved an earnings per share (EPS) of $0.71, significantly higher than the analyst forecast of $0.43, marking a surprise of 65.12%. Revenue for the quarter reached $743 million, exceeding the anticipated $709.22 million. These strong results highlight the company’s robust financial performance during the period. Despite these positive earnings, the stock price experienced a decline in after-hours trading. While the earnings beat is notable, the stock movement suggests some investor concerns. These developments are part of the recent activities surrounding Oceaneering International.

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