Oceaneering International (NYSE:OII) has received an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.77.
A number of research analysts have commented on OII shares. ValuEngine upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded Oceaneering International from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Monday, July 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Oceaneering International in a research report on Friday, July 27th. Jefferies Financial Group reiterated a “hold” rating and issued a $24.00 price objective on shares of Oceaneering International in a research report on Friday, July 27th. Finally, Wells Fargo & Co increased their price objective on Oceaneering International from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, July 27th.
OII traded down $0.27 during mid-day trading on Friday, reaching $23.54. The stock had a trading volume of 70,672 shares, compared to its average volume of 921,933. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -342.29 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.17 and a current ratio of 2.61. Oceaneering International has a 52 week low of $17.11 and a 52 week high of $28.62.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, July 25th. The oil and gas company reported ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.03. The firm had revenue of $479.00 million for the quarter, compared to analyst estimates of $448.96 million. Oceaneering International had a negative return on equity of 4.31% and a net margin of 4.83%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. As a group, research analysts forecast that Oceaneering International will post -1.02 EPS for the current year.
In other news, Director T Jay Collins sold 16,750 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $26.50, for a total value of $443,875.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Strs Ohio lifted its holdings in Oceaneering International by 330.0% during the third quarter. Strs Ohio now owns 4,300 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 3,300 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in Oceaneering International during the third quarter worth about $924,000. Personal Capital Advisors Corp lifted its holdings in Oceaneering International by 7.5% during the third quarter. Personal Capital Advisors Corp now owns 172,289 shares of the oil and gas company’s stock worth $4,755,000 after acquiring an additional 11,989 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Oceaneering International during the third quarter worth about $413,000. Finally, Northern Trust Corp lifted its holdings in Oceaneering International by 82.3% during the second quarter. Northern Trust Corp now owns 1,557,801 shares of the oil and gas company’s stock worth $39,661,000 after acquiring an additional 703,347 shares in the last quarter.
Oceaneering International Company Profile
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
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