Latest news with #OceaneeringInternational
Yahoo
09-07-2025
- Business
- Yahoo
3 Oilfield Stocks Well Poised to Gain Despite Industry Woes
A volatile pricing environment for commodities, driven by rising trade tensions and strict capital management by upstream energy firms, is diminishing the demand for oilfield services, creating a challenging outlook for the Zacks Oil and Gas- Field Services industry. Companies in this sector must adeptly navigate the evolving landscape of energy transition to succeed. Failing to meet energy transition objectives could adversely impact their cash the companies in the industry that are likely to survive the business challenges are TechnipFMC FTI, Oceaneering International, Inc. OII and Helix Energy Solutions Group, Inc HLX. About the Industry The Zacks Oil and Gas - Field Services industry comprises companies that primarily engage in providing support services to exploration and production players. These companies help in manufacturing, repairing and maintaining wells, drilling equipment, leasing of drilling rigs, seismic testing and transport and directional solutions, among others. Additionally, the firms assist upstream energy players in locating oil and natural gas, as well as drilling and evaluating hydrocarbon wells. Hence, oilfield services businesses are positively correlated to expenditures from upstream firms. Furthermore, with countries worldwide investing heavily in liquefied natural gas (LNG) terminals, a few oilfield service companies are extending their reach beyond hydrocarbon fields and capitalizing on contracts for manufacturing equipment used in LNG facilities to decrease carbon emissions. 3 Trends Defining the Oilfield Services Industrys Future The demand for oilfield services is predominantly tied to exploration and production activities, as the companies assist the upstream players in effectively setting up oil and gas wells. Given the reliance of oil explorers and producers on a volatile and uncertain commodity pricing landscape, which is currently being affected by the ongoing US-China trade tensions, the business of oilfield service companies like SLB and Halliburton is susceptible to uncertainty. Although the commodity pricing scenario remains favorable for exploration and production operations, with breakeven prices much lower for existing wells in the shale plays, there has been a slowdown in drilling activities, which may continue as upstream players are prioritizing stockholder returns rather than boosting output. The reduction in drilling activity indicates lower demand for oilfield services, as companies like SLB and Halliburton, which primarily assist upstream operators in setting up oil and gas wells, are adversely impacted by this shift. The prosperity of companies within the industry hinges greatly on their adeptness in navigating the evolving energy transition landscape. This encompasses the ability of oilfield service providers to efficiently tackle the decarbonization of oil and gas operations while expanding the adoption of inventive, low-carbon and carbon-neutral technologies. Consequently, failing to meet energy transition objectives will affect cash flow. Zacks Industry Rank Indicates Bearish Outlook The Zacks Oil and Gas – Field Services is a 22-stock group within the broader Zacks Oil - Energy sector. The industry currently carries a Zacks Industry Rank #220, which places it in the bottom 11% of more than 250 Zacks industries. The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Before we present a few stocks that you may consider, let's take a look at the industry's recent stock-market performance and valuation picture. Industry Lags S&P 500 & Sector The Zacks Oil and Gas – Field Services industry has lagged the Zacks S&P 500 composite and the broader Zacks Oil – Energy sector over the past year. The industry has plummeted 11.9% over this period against the S&P 500's rise of 12.9% and the broader sector's 3% improvement. One-Year Price Performance Industry's Current Valuation Since oil and gas companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/Earnings before Interest Tax Depreciation and Amortization) ratio. This is because the valuation metric takes into account not just equity but also the level of debt. For capital-intensive companies, EV/EBITDA is a better valuation metric because it is not influenced by changing capital structures and ignores the effect of non-cash expenses. Based on the trailing 12-month EV/EBITDA, the industry is currently trading at 5.95X compared with the S&P 500's 17.59X and the sector's 4.79X. Over the past five years, the industry has traded as high as 12.87X and as low as 1.19X, with a median of 8.11X. Trailing 12-Month Enterprise Value-to EBITDA (EV/EBITDA) Ratio 3 Oilfield Services Stocks Trying to Survive Industry Challenges Oceaneering International Oceaneering is a well-known provider of services and robotic solutions to the offshore energy players. In the first quarter of 2025, OII witnessed a strong flow of new business while securing around $1.2 billion worth of new orders. Oceaneering currently carries a Zacks Rank #2 (Buy). Price and Consensus: OII Helix Energy Solutions While providing specialty services to the offshore energy industry, Helix Energy ended the first quarter of 2025 with a backlog of about $1.4 billion. Thus, HLX secures stable cash flows for the months ahead. Helix Energy, carrying a Zacks Rank #3 (Hold), is also known for its proactive cost management and strong capital expenditure discipline. Price and Consensus: HLX TechnipFMC TechnipFMC has a very strong pipeline of potential work, with more than $26 billion worth of subsea projects expected in the coming years. This secures future cash flows for Zacks #2 Ranked FTI. You can see the complete list of today's Zacks #1 Rank(Strong Buy) stocks here. Price and Consensus: FTI Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TechnipFMC plc (FTI) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Helix Energy Solutions Group, Inc. (HLX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Oceaneering Announces Dates for Second Quarter 2025 Earnings Release and Conference Call
Oceaneering International, Inc. ('Oceaneering') (NYSE:OII) announces that it will report financial results for the second quarter of 2025 on Wednesday, July 23, 2025, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering's website at Oceaneering has scheduled a conference call and webcast related to its second quarter results for Thursday, July 24, 2025, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneering's website. A replay of the conference call will be made available on the website approximately two hours following the conclusion of the live call. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
Yahoo
02-07-2025
- Business
- Yahoo
Oceaneering Announces Dates for Second Quarter 2025 Earnings Release and Conference Call
HOUSTON, July 02, 2025--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announces that it will report financial results for the second quarter of 2025 on Wednesday, July 23, 2025, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering's website at Oceaneering has scheduled a conference call and webcast related to its second quarter results for Thursday, July 24, 2025, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneering's website. A replay of the conference call will be made available on the website approximately two hours following the conclusion of the live call. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information on Oceaneering, please visit View source version on Contacts Hilary FrisbieSenior Director, Investor Relations713-329-4755investorrelations@ Sign in to access your portfolio
Yahoo
23-06-2025
- Business
- Yahoo
Oceaneering Announces U.S. Navy Contract Award
HOUSTON, June 23, 2025--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that its Aerospace and Defense Technologies ("ADTech") segment has been awarded a follow-on, single award fixed price indefinite-delivery indefinite-quantity ("IDIQ") contract to manufacture Virginia Class Submarine support equipment for Naval Surface Warfare Center Philadelphia Division (NSWCPD) following a competitive bidding process. Under this contract which commences in early June 2025, Oceaneering will manufacture work platforms to support maintenance for Virginia Class Submarines' sail and vertical payload tubes. The contract value is approximately $33 million if all options are exercised over the five-year ordering period. Statements in this press release that express a belief, expectation, or intention, as well as those that are not historical fact, are forward-looking. The forward-looking statements in this press release include statements concerning Oceaneering's work scope, contract value, and contract duration. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting Oceaneering's business. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. These and other risks are more fully described in Oceaneering's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information on Oceaneering, please visit View source version on Contacts Hilary FrisbieSenior Director, Investor RelationsOceaneering International, Inc.713-329-4755investorrelations@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
23-06-2025
- Business
- Business Wire
Oceaneering Announces U.S. Navy Contract Award
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ('Oceaneering') (NYSE:OII) announced that its Aerospace and Defense Technologies ('ADTech') segment has been awarded a follow-on, single award fixed price indefinite-delivery indefinite-quantity ('IDIQ') contract to manufacture Virginia Class Submarine support equipment for Naval Surface Warfare Center Philadelphia Division (NSWCPD) following a competitive bidding process. Under this contract which commences in early June 2025, Oceaneering will manufacture work platforms to support maintenance for Virginia Class Submarines' sail and vertical payload tubes. The contract value is approximately $33 million if all options are exercised over the five-year ordering period. Statements in this press release that express a belief, expectation, or intention, as well as those that are not historical fact, are forward-looking. The forward-looking statements in this press release include statements concerning Oceaneering's work scope, contract value, and contract duration. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting Oceaneering's business. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. These and other risks are more fully described in Oceaneering's latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information on Oceaneering, please visit
