Why Oceaneering International Stock Is Soaring Today

Why Oceaneering International Stock Is Soaring Today

Shares of Oceaneering International (NYSE: OII) rallied more than 16% by 11:30 a.m. EDT on Wednesday. Bank of America analyst Mike Sabella upgraded Oceaneering stock from neutral to buy. The analyst commented that the market still doesn't fully appreciate Oceaneering's upside as the oil-field services market continues to recover.