The Current Condition Is Still Uneasy For OII
Oceaneering International (OII) provides engineered products and support services to the offshore oil and gas, defense, aerospace, and commercial theme park industries. Based on mild revenue growth and lower margin expectations, I do not think the stock price will keep strengthening in the short term as it did in the past few weeks. At this point, investors may start accumulating the stock with an expectation of appreciation in the medium term.
I expect the company’s non-energy business to resume growth, albeit modestly, in the coming