Oceaneering International Inc

OII remains in a Stage 2 advancing trend with clear higher highs and higher lows above rising EMAs and the 50-day SMA. The recent corrective pullback into the 9/20 EMA zone offers a disciplined entry point aligned with our Momentum + EPS strategy. With the medium-term bullish bias intact and short-term execution readiness favorable on this pullback, we recommend buying now. Key risks include extreme overbought conditions and the potential for a deeper retracement below the EMAs.

• ↑Q1 2026 revenue $692M (+3% YoY) and EBITDA $83.7M met guidance
• ↑$1B order intake (highest since 2020) underpins growth momentum
• ↓Q1 FCF -$76.5M and net income down 28% weaken cash cushion