Oceaneering International, Inc. (NYSE:OII) Given Average Rating of “Hold” by Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have been assigned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.00.

Several equities analysts recently weighed in on OII shares. Barclays raised their price objective on shares of Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup raised their price target on shares of Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st.

Oceaneering International Stock Performance

Shares of NYSE OII opened at $46.60 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. Oceaneering International has a one year low of $22.02 and a one year high of $54.25. The business’s 50-day moving average price is $48.59 and its two-hundred day moving average price is $41.15. The company has a market capitalization of $4.64 billion, a P/E ratio of 13.39 and a beta of 1.17.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.17. The business had revenue of $768.18 million during the quarter, compared to analyst estimates of $735.69 million. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. Analysts anticipate that Oceaneering International will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Paul Murphy, Jr. sold 10,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $48.37, for a total transaction of $483,700.00. Following the completion of the sale, the director owned 68,916 shares in the company, valued at approximately $3,333,466.92. This represents a 12.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director M. McEvoy sold 3,000 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.92, for a total value of $143,760.00. Following the transaction, the director directly owned 134,133 shares in the company, valued at approximately $6,427,653.36. This represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,901 shares of company stock worth $1,277,904 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Oceaneering International

Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Oceaneering International in the second quarter valued at approximately $224,000. Tidal Investments LLC increased its position in Oceaneering International by 8.4% during the second quarter. Tidal Investments LLC now owns 30,209 shares of the oil and gas company’s stock worth $1,224,000 after acquiring an additional 2,341 shares during the period. Integrated Wealth Concepts LLC bought a new position in Oceaneering International during the second quarter worth $35,000. NewEdge Advisors LLC raised its stake in Oceaneering International by 24.2% during the 2nd quarter. NewEdge Advisors LLC now owns 32,640 shares of the oil and gas company’s stock valued at $1,323,000 after purchasing an additional 6,367 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Oceaneering International by 80.2% in the 2nd quarter. IFP Advisors Inc now owns 5,491 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 2,443 shares during the period. Institutional investors own 93.93% of the company’s stock.

About Oceaneering International

Oceaneering International, Inc is a Houston, Texas-based global engineering and technology company that provides products and services to the offshore energy, defense, aerospace, and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles (ROVs), subsea tooling, umbilicals, engineering services, and inspection, maintenance, and repair solutions for offshore infrastructure.

Oceaneering’s business also includes offshore project management, asset integrity management, digital and data solutions, and the design and manufacture of specialized equipment.