Oceaneering makes remotely operated vehicles, subsea robotics and the umbilicals and control systems that run offshore oil and gas fields, and it also does a sizeable business in aerospace and defense work for NASA and the US Navy. The company's edge is installed base and service intensity: its ROVs and related hardware are deployed on long-term contracts that generate recurring intervention and maintenance revenue, which is why reported revenue grew 10.0% against a backdrop where many oilfield-services names have been flat to cyclical. The near-term driver is subsea capex recovery, since deepwater projects approved in the last cycle are now reaching installation and their service tails are expanding. At 12.4 times trailing earnings and 18.8 times forward, the market is pricing in an earnings step-down, which may be conservative given a 34.6% return on equity, though a 19.8% gross margin and 11.5% operating margin leave little room for execution slips. The name merits a deeper look, mainly to test whether the forward multiple reflects a real margin headwind or simply reflects a cyclical peak.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 22 Oct 2026, 23:18 CEST | Fair value | $30.54 | $27.87 | $36.62 |
| 21 Oct 2026, 11:06 CEST | Rating | Overvalued | first publication | $44.07 |
| 21 Oct 2026, 11:06 CEST | Fair value | $27.87 | $28.16 | $44.07 |
| 11 Oct 2026, 00:00 CEST | ACCE price target | $44.00 | first publication | $44.81 |
| 5 Oct 2026, 00:00 CEST | Fair value | $28.16 | $27.61 | $44.32 |
| 1 Oct 2026, 00:00 CEST | Fair value | $27.61 | $28.16 | $44.22 |
| 28 Sept 2026, 00:00 CEST | Fair value | $28.16 | $28.87 | $46.26 |
| 26 Sept 2026, 00:00 CEST | Fair value | $28.87 | $29.22 | $46.67 |
| 15 Sept 2026, 00:00 CEST | Fair value | $29.22 | $30.03 | $51.09 |
| 12 Sept 2026, 00:00 CEST | Fair value | $30.03 | $29.06 | $50.57 |
Answered from Oceaneering International Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| OII Oceaneering International Inc. Common Stock | $39.27 | $31 | 28% above | 11.2x | 34.6% | 73 | 70 |
| WBI WaterBridge Infrastructure LLC Class A Shares Representing Limited Liability Company Interests | $28.33 | - | - | 371.8x | -1.3% | 56 | 62 |
| 6269.T MODEC, Inc. | ¥7858.00 | - | - | 7.9x | 34.9% | 70 | 68 |
| TDW Tidewater Inc. Common Stock | $79.61 | $57 | 40% above | 16.2x | 19.4% | 80 | 59 |
| WOR.AX Worley | A$9.47 | A$8 | 14% above | 20.2x | 4.8% | 39 | 35 |
| WHD Cactus Inc. Class A Common Stock | $60.38 | $41 | 46% above | 53.1x | 13.1% | 72 | 70 |
| KGS Kodiak Gas Services Inc. Common Stock | $44.07 | $41 | 9% above | 57.2x | 4.6% | 71 | 61 |
Where OII ranks against its sector peers on each metric.