Company profile

Ticker
OII
Exchange
CEO
Roderick A. Larson
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
952628227

OII stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

27 Feb 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 560.81M 497.65M 495.78M 493.89M
Diluted EPS -2.65 -0.26 -0.36 -0.25
Operating income -254.17M -5.19M -9.64M -21.71M
Net change in cash 33.33M -15.52M 14.08M -12.5M
Cash on hand 373.66M 340.32M 355.84M 341.76M
Cost of revenue 581.2M 448.59M 453.8M 466.3M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.05B 1.91B 1.92B 2.27B
Diluted EPS -3.52 -2.16 1.68 0.25
Operating income -290.71M -145.48M 10.66M 70.76M
Net change in cash 19.4M -76.06M -19.88M 64.96M
Cash on hand 373.66M 354.26M 430.32M 450.19M
Cost of revenue 1.95B 1.78B 1.73B 1.99B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
20 Mar 20 Kishore Sundararajan Common Stock Grant Aquire A 0 11,345 0 11,345
16 Mar 20 Eric A Silva Common Stock Buy Aquire P 2.3491 21,500 50.51K 70,587
16 Mar 20 Stephen P Barrett Common Stock Buy Aquire P 2.335 100 233.5 85,429
16 Mar 20 Stephen P Barrett Common Stock Buy Aquire P 2.336 9,900 23.13K 85,329
98.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 214 212 +0.9%
Opened positions 45 41 +9.8%
Closed positions 43 35 +22.9%
Increased positions 76 69 +10.1%
Reduced positions 74 74
13F shares
Current Prev Q Change
Total value 7.02B 3.4B +106.5%
Total shares 97.04M 92.23M +5.2%
Total puts 18K 22.01K -18.2%
Total calls 179K 44.51K +302.2%
Total put/call ratio 0.1 0.5 -79.7%
Largest owners
Shares Value Change
BLK BlackRock 16.24M $242.19M +35.1%
Vanguard 10.16M $151.44M +8.7%
Dimensional Fund Advisors 7.94M $118.31M -3.2%
FMR 7.51M $112.02M -2.9%
STT State Street 3.67M $54.71M +1.8%
Fisher Asset Management 2.78M $41.5M -21.4%
Barrow Hanley Mewhinney & Strauss 2.38M $35.47M 0.0%
CS Credit Suisse 2.28M $34.06M -0.1%
MN Manning & Napier 2.18M $32.48M NEW
MS^L Morgan Stanley 1.88M $28.02M +469.1%
Largest transactions
Shares Bought/sold Change
BLK BlackRock 16.24M +4.22M +35.1%
Citadel Advisors 239.24K -2.73M -91.9%
Lazard Asset Management 0 -2.65M EXIT
MN Manning & Napier 2.18M +2.18M NEW
MS^L Morgan Stanley 1.88M +1.55M +469.1%
Norges Bank 1.31M +1.31M NEW
Point72 Asset Management 0 -1.19M EXIT
Balyasny Asset Management 1.13M -1.1M -49.3%
DB Deutsche Bank 1.31M +959.73K +272.3%
Vanguard 10.16M +815.83K +8.7%

Financial report summary

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Risks
  • We derive most of our revenue from companies in the offshore oil and gas industry, a historically cyclical industry with levels of activity that are significantly affected by the levels and volatility of oil and gas prices.
  • Our operations could be adversely impacted by the effects of new regulations.
  • Our international operations involve additional risks not associated with domestic operations.
  • Our backlog is subject to unexpected adjustments and cancellations and is, therefore, an uncertain indicator of our future revenue and earnings.
  • A global financial crisis could impact our business and financial condition in ways that we currently cannot predict.
  • Our business strategy also includes development and commercialization of new technologies to support our growth. The development and commercialization of new technologies require capital investment and involve various risks and uncertainties.
  • The loss of the services of one or more of our key personnel, or our failure to attract, assimilate and retain trained personnel in the future, could disrupt our operations and result in loss of revenue.
  • We may not be able to compete successfully against current and future competitors.
  • We rely on intellectual property law and confidentiality agreements to protect our intellectual property. We also rely on intellectual property we license from third parties. Our failure to protect our intellectual property rights, or our inability to obtain or renew licenses to use intellectual property of third parties, could adversely affect our business.
  • Our information technology systems are subject to interruption and cybersecurity risks that could adversely impact our operations.
  • Our offshore oilfield operations involve a variety of operating hazards and risks that could cause losses.
  • Laws and governmental regulations may add to our costs or adversely affect our operations.
  • Environmental laws and regulations can increase our costs, and our failure to comply with those laws and regulations can expose us to significant liabilities.
  • Our internal controls may not be sufficient to achieve all stated goals and objectives.
  • The use of estimates could result in future adjustments to our assets, liabilities and results of operations.
  • We may issue preferred stock whose terms could adversely affect the voting power or value of our common stock.
  • Provisions in our corporate documents and Delaware law could delay or prevent a change in control of our company, even if that change would be beneficial to our shareholders.
Management Discussion
  • Additional information on our business segments is shown in Note 10—"Operations by Business Segment and Geographic Area" in the Notes to Consolidated Financial Statements included in this report.
  • Energy Services and Products. The table that follows sets out revenue and profitability for the business segments within our Energy Services and Products business. In the ROV section of the table that follows, "Days available" includes all days from the first day that an ROV is placed in service until the ROV is retired. All days in this period are considered available days, including periods when an ROV is undergoing maintenance or repairs. Our ROVs do not have scheduled maintenance or repair that requires significant time when the ROVs are not available for utilization.
  • Historically, we built new ROVs to increase the size of our fleet in response to demand to support deepwater drilling and vessel-based inspection, maintenance and repair ("IMR") and installation work. These vehicles are designed for use around the world in water depths of 10,000 feet or more. In 2015, as a result of declining market conditions, we began building fewer ROVs, generally limiting additions to meet contractual commitments. We added 13, six and seven ROVs in 2019, 2018 and 2017, respectively, while retiring 56 units over the three-year period. Our ROV fleet size was 250 as of December 31, 2019, 275 as of December 31, 2018 and 279 as of December 31, 2017. We have decreased our ROV fleet size since 2015 in response to lower market demand.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
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Removed: Accountant, Alliance, arrived, AUV, bad, ball, Bourbon, Boyle, Canadian, cardon, check, Clough, Clyde, commenced, conventional, coupled, curtailment, decision, decommissioning, decreasing, deficiency, demobilization, deployed, determinable, discrete, dredging, exercised, extended, Flower, force, Forum, geophysical, gerner, Hewlett, hire, III, investee, Island, LA, lieu, manufacturer, mapping, mentioned, mid, month, moved, Normand, Oceanteam, permanently, plant, portfolio, preceding, pressure, Pride, promoted, readily, reassessment, redelivered, reimbursed, release, released, represented, requested, restructuring, shipyard, shore, smaller, spot, Subtopic, Technip, universal, UWILD, Wood

Patents

APP
Utility
Vessel Hull Cleaning Apparatus and Method
23 Jan 20
The invention relates to an apparatus and related method for cleaning vessel hulls and other subsea structures at sea.
APP
Utility
Over-the-Stern Deep Digging Trenching Plow with Instrumentation for Assessing the Protective Capabilities of a Seabed Trench
23 Jan 20
A seabed trenching plow has a chassis, a sled and a towing assembly.
GRANT
Utility
Seabed backfill plow and method
31 Dec 19
A BAS plow creates a V-trench along the linear route of a pipeline path and an instrumented bottle moving with the BAS plow collects BAS data indicative of the pitch, roll, heading, yaw, three dimensional positioning, speed and depth of the chassis, the shearing force applied to the seabed material and the applied tow force.
GRANT
Utility
Autonomous ROVs with offshore power source that can return to recharge
31 Dec 19
A resident remotely operated vehicle may be deployed subsea by deploying a remotely operated vehicle (ROV) (200) configured to be disposed and remain resident subsea for an extended time where the ROV comprises an ROV electrical power connector port (202) to be operatively connected to an electrical power supply (700) dedicated to the ROV.
APP
Utility
ROV Deployed Buoy System
12 Dec 19
A surface buoy comprising a resident electrical power supply allows the surface buoy to be an integrated part of a remotely operated vehicle (ROV) deployed power buoy system which makes transport and installation more efficient than alternatives.