Trade-Ideas LLC identified

Oceaneering International

(

OII

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Oceaneering International as such a stock due to the following factors:

  • OII has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $69.2 million.
  • OII has traded 169,893 shares today.
  • OII is trading at 3.22 times the normal volume for the stock at this time of day.
  • OII is trading at a new high 5.02% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in OII with the Ticky from Trade-Ideas. See the FREE profile for OII NOW at Trade-Ideas

More details on OII:

Oceaneering International, Inc. provides engineered services and products primarily to the offshore oil and gas industry worldwide. The stock currently has a dividend yield of 2.9%. OII has a PE ratio of 11. Currently there are 4 analysts that rate Oceaneering International a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for Oceaneering International has been 1.5 million shares per day over the past 30 days. Oceaneering International has a market cap of $3.7 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.00 and a short float of 5.7% with 2.22 days to cover. Shares are down 37% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Oceaneering International as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The current debt-to-equity ratio, 0.50, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.49, which illustrates the ability to avoid short-term cash problems.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Energy Equipment & Services industry and the overall market on the basis of return on equity, OCEANEERING INTERNATIONAL has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Energy Equipment & Services industry. The net income has significantly decreased by 40.6% when compared to the same quarter one year ago, falling from $110.30 million to $65.47 million.
  • The gross profit margin for OCEANEERING INTERNATIONAL is currently lower than what is desirable, coming in at 28.51%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 8.07% trails that of the industry average.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.