Oceaneering International: A Growth Stock to Watch with Impressive Fundamentals

Oceaneering International (OII) is a leading supplier of offshore equipment and technology solutions to the energy industry. The company has a Growth Style Score of A and VGM Score of A, with earnings expected to grow 57.9% year-over-year for the current fiscal year. OII boasts an average earnings surprise of 0% and has generated cash flow growth of 4.1%, with expected cash flow expansion of 18% in 2025. OII is a Zacks Rank #3 (Hold) stock and should be on investors' short lists due to its impressive growth fundamentals and strong Style Scores.

Houston, Texas — Oceaneering International, Inc. (OII), a leading supplier of offshore equipment and technology solutions, has secured a significant contract in Angola. The company, through its Angolan subsidiary, has been awarded a contract by a major client to provide material and labor for the fabrication of Hydraulic Flying Leads (HFLs) and refurbish client equipment. This multi-year contract marks the first of its kind to be executed entirely within Angola.

The contract, which began in the first quarter of 2025 and is expected to continue through 2028, will see all refurbishment activities performed at Oceaneering's Viana manufacturing facility. Hose components will be supplied from Oceaneering's Niterói manufacturing facility in Brazil, ensuring seamless production across regions. This award reinforces Oceaneering's commitment to local execution and in-country value, as well as the delivery of high-quality, reliable subsea products and services.

ElHoussain ElMoutia, Sr. Director, Africa, commented, "This award underscores our dedication to local execution and the development of our Angolan operations. We are proud to expand opportunities for our local workforce and earn the client's trust to deliver this multi-year project."

This contract aligns with Oceaneering's growth strategy, particularly its focus on the African market. The company's Growth Style Score of A and VGM Score of A, along with expected earnings growth of 57.9% year-over-year for the current fiscal year, highlight its impressive growth fundamentals [1].

References:
[1] https://www.marketscreener.com/news/oceaneering-wins-hydraulic-flying-lead-refurbishment-contract-in-angola-ce7c50d2dc8ef621