Oceaneering International, Inc. (OII) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Hold
Based on 44 analysts6.1% Above Target
OII trades 6.1% above Wall Street's consensus target of $36.50.
Current Price$38.88
Average Target$36.50
Target
Current
Low$34.00
Median$36.50
High$39.00
Analyst Target Range
Forward P/E21.3x
(Fair)
PEG Ratio—
Implied Growth-46.0%
(Declining)
Analyst Spread13.7%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes OII achieves its forward estimates and maintains a stable P/E multiple of 21.3x. This scenario reflects the blended consensus of 44 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
OII Price Target Analysis
Updated July 7, 2026As of July 7, 2026, Oceaneering International, Inc. (OII) has a Wall Street consensus price target of $36.50, based on estimates from 44 covering analysts. With the stock currently trading at $38.88, this represents a potential downside of -6.1%. The company has a market capitalization of $3.88B.
Analyst price targets range from a low of $34.00 to a high of $39.00, representing a 14% spread in expectations. The median target of $36.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 14 analysts rating the stock as a Buy or Strong Buy,27 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, OII trades at a trailing P/E of 11.1x and forward P/E of 21.3x. Analysts expect EPS to grow -46.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $24.59, with bear and bull scenarios of $15.49 and $32.40 respectively. Model confidence stands at 40/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+25.6%
Industry Consensus
Avg Forward P/E
41.2x
(Growth Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 TDWTidewater Inc. | $3.3B | $67.03 | $101.50 | +51.4% | Hold | 21.0x | 26 |
 CLOVClover Health Investments, Corp. | $2.6B | $5.06 | $4.47 | -11.7% | Hold | 130.7x | 9 |
 ACDCProFrac Holding Corp. | $849M | $4.69 | $6.00 | +27.9% | Hold | — | 6 |
 NESRNational Energy Services Reunited Corp. | $2.8B | $27.63 | $31.00 | +12.2% | Buy | 16.7x | 6 |
 DNOWDnow Inc. | $1.5B | $12.81 | $16.50 | +28.8% | Buy | 36.8x | 16 |
 LBRTLiberty Energy Inc. | $3.8B | $23.29 | $34.71 | +49.0% | Buy | 89.0x | 21 |
 SLBSLB N.V. | $68.4B | $45.72 | $60.85 | +33.1% | Buy | 17.7x | 66 |
 HALHalliburton Company | $27.6B | $33.00 | $40.09 | +21.5% | Buy | 14.0x | 64 |
 BKRBaker Hughes Company | $52.8B | $53.25 | $73.20 | +37.5% | Buy | 22.3x | 45 |
 FTITechnipFMC plc | $26.9B | $67.26 | $71.14 | +5.8% | Buy | 22.6x | 50 |
OII — Frequently Asked Questions
Quick answers to the most common questions about buying OII stock.
What is the OII stock price target for 2026?
Wall Street's consensus price target for OII is $36.5, -6.1% from its current price of $38.88. The below-market target from 44 analysts suggests limited near-term appreciation.
Is OII a buy, sell, or hold?
OII has a consensus rating of "Hold" based on 44 Wall Street analysts. The rating breakdown is mixed, with 27 Hold ratings making up the largest segment. The consensus 12-month price target of $36.5 implies -6.1% downside from current levels.
Is OII stock overvalued or undervalued?
OII trades at a forward P/E of 21.3298x, representing a moderate valuation. With analysts targeting $36.5 (-6.1% implied move), the stock appears close to fair value.
How high can OII stock go?
The most bullish Wall Street analyst has a price target of $39 for OII, while the most conservative target is $34. The consensus of $36.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $32 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover OII stock?
OII is heavily covered by Wall Street, with 44 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 14 have Buy ratings, 27 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the OII stock forecast?
The 12-month OII stock forecast based on 44 Wall Street analysts shows a consensus price target of $36.5, with estimates ranging from $34 (bear case) to $39 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $25, with bear/bull scenarios of $15/$32.
What is OII's fair value based on fundamentals?
Our quantitative valuation model calculates OII's fair value at $25 (base case), with a bear case of $15 and bull case of $32. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 40/100.
What is OII's forward P/E ratio?
OII trades at a forward P/E ratio of 21.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.1x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy OII stock?
Analysts are cautious on OII, with 3 Sell ratings and a price target of $36.5 (-6.1% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do OII price targets vary so much?
OII analyst price targets range from $34 to $39, a 14% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $36.5 consensus represents the middle ground. Our model's $15-$32 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare