OII Is Likely To Stay Under Pressure
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, I do not expect the stock price to show any positive momentum in the short-term. Over the medium-to-long-term, the company’s outlook can brighten.
The uncertainty associated with the execution of the offshore projects continues as the crude oil price is headed for further volatility in the next year. Despite that, OII is set to add a