Shares of Oceaneering International (NYSE:OII) have been given a consensus recommendation of “Hold” by the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.75.
OII has been the topic of several analyst reports. ValuEngine lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Zacks Investment Research raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Co reaffirmed a “hold” rating on shares of Oceaneering International in a report on Tuesday, October 30th. Societe Generale lowered shares of Oceaneering International from a “buy” rating to a “hold” rating and set a $13.94 price target on the stock. in a report on Thursday, December 20th. Finally, Citigroup set a $21.00 price target on shares of Oceaneering International and gave the stock a “hold” rating in a report on Monday, November 12th.
Get Oceaneering International alerts:In related news, VP David K. Lawrence acquired 2,500 shares of the stock in a transaction dated Friday, December 28th. The stock was acquired at an average cost of $11.99 per share, for a total transaction of $29,975.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alan R. Curtis acquired 5,000 shares of the stock in a transaction dated Friday, December 21st. The shares were bought at an average price of $11.50 per share, with a total value of $57,500.00. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Oceaneering International by 1,110.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 470,872 shares of the oil and gas company’s stock worth $39,000 after buying an additional 431,957 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of Oceaneering International during the fourth quarter worth $55,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Oceaneering International during the fourth quarter worth $81,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Oceaneering International by 21.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the oil and gas company’s stock worth $82,000 after buying an additional 1,189 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Oceaneering International by 79.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,197 shares of the oil and gas company’s stock worth $92,000 after buying an additional 3,183 shares during the period.
Shares of OII stock opened at $16.65 on Friday. The company has a market cap of $1.52 billion, a P/E ratio of -23.45 and a beta of 2.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.10 and a current ratio of 2.50. Oceaneering International has a 52-week low of $10.74 and a 52-week high of $28.62.
Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, February 13th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.31. Oceaneering International had a negative net margin of 11.12% and a negative return on equity of 4.44%. The business had revenue of $495.10 million for the quarter, compared to analyst estimates of $488.12 million. During the same period in the previous year, the company earned ($0.08) earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that Oceaneering International will post -0.53 earnings per share for the current fiscal year.
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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