Oceaneering International, Inc. OII has taken a significant step to enhance the offshore survey and positioning projects capabilities by ordering 100 units of Exail’s Octans 9 Attitude Heading Referencing Systems (AHRS). These systems will be deployed in various offshore applications, including dynamic positioning platforms, USBL positioning systems, deep-water survey equipment and high-specification offshore vessel navigation suites.
How Will Octans 9 Technology Benefit OII?
Oceaneering is very particular about using the best-in-class, dependable and high-performance navigation systems in the offshore industry. Therefore, the acquisition of 100 Octans 9 AHRS units highlights their dedication to delivering progressive and efficient solutions.
The acquisition of technologically advanced Octans 9 units will provide accuracy and reliability to its offshore operations and will also deliver high-end customer value.
An Insight Into Octans 9 AHRS
Exail’s new Octans 9 AHRS is equipped with cutting-edge advanced features that deliver highly accurate real-time attitude and heading data. Some noteworthy features of Octans 9 AHRS are export-free status, compact design, better durability, lower power consumption, in-motion alignment capabilities and integrated advanced GNSS sensors.
This order, which is in addition to Exail’s earlier sensors and robotics equipment, validates the strong relationship of Oceaneering with Exail and confirms the reliability and quality of their technology.
OII’s Zacks Rank and Key Picks
Houston, TX-based Oceaneering International is one of the leading suppliers of offshore equipment and technology solutions to the energy industry. Currently, OII has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some top-ranked stocks like ARC Resources Ltd. AETUF, Equinor ASA EQNR and Gulfport Energy Corporation GPOR.While ARC Resources and Equinor currently sport a Zacks Rank #1 (Strong Buy), Gulfport Energy carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Calgary, Canada-based ARC Resources is engaged in the exploration, acquisition and development of oil and natural gas properties. AETUF’s expected EPS growth rate for next year is 50.78%, which aligns favorably with the industry growth rate of 10.50%.
Headquartered in Stavanger, Norway, Equinor is one of the premier integrated energy companies in the world, with operations spreading across 30 countries. EQNR’s expected EPS growth rate for the next five years is 5.30%, which aligns favorably with the industry growth rate of 5%.
Gulfport Energy is an independent natural gas and oil company focused on the exploration and development of natural gas and oil properties in North America. The Zacks Consensus Estimate for GPOR’s 2024 earnings indicates 108.53% year-over-year growth.
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Oceaneering International, Inc. (OII) : Free Stock Analysis Report
Gulfport Energy Corporation (GPOR) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
