Oceaneering International Inc (NYSE:OII), a provider of technical services and products primarily for the offshore oil and gas industry, with a focus on deepwater applications, has reported an insider sale, according to a recent SEC filing. The company’s SVP, Chief Commercial Officer, Earl Childress, sold 10,000 shares of the company’s stock on August 8, 2024. Following this transaction, the insider now owns 57,351 shares of the company.
Over the past year, Earl Childress has made several transactions involving the company’s stock, selling a total of 24,600 shares. It should be noted that the insider did not purchase any shares during this period.
Oceaneering International Inc.’s transaction history shows a trend of insider selling. Over the past year, there have been 5 insider sales and no insider purchases. This pattern of insider activity can provide insight into the sentiment within the company’s management regarding stock performance.
On the day of Earl Childress’s last transaction, Oceaneering International Inc. shares were trading at $25.7 each. This price gives the company a market capitalization of approximately $2.675 billion. The stock’s price-to-earnings ratio is 21.79, which is higher than both the industry median of 11.04 and the company’s historical median.
According to GF Value, Oceaneering International Inc.’s intrinsic value is estimated at $21.28 per share, making the stock slightly overvalued with a Price to GF Value ratio of 1.21. GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and estimates of future business performance provided by Morningstar analysts.
This insider sale and the current valuation metrics may be of interest to current and prospective investors trying to gauge the stock’s future performance. As always, it is recommended to consider a variety of factors and conduct thorough research when making investment decisions.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
