Oceaneering International, Inc. (OII) – What Are Researchers Saying About This Stock?

Oceaneering International, Inc. (NYSE:OII) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $41.00.

Several equities analysts have commented on OII shares. Zacks Research raised Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Barclays dropped their target price on shares of Oceaneering International from $47.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, October 26th. Weiss Ratings downgraded shares of Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Citigroup decreased their price target on shares of Oceaneering International from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Finally, Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th.

Oceaneering International Stock Down 6.7%

Shares of NYSE:OII opened at $33.96 on Friday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 10.32 and a beta of 1.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.97 and a current ratio of 2.20. The stock has a 50 day moving average price of $45.06 and a 200-day moving average price of $40.42. Oceaneering International has a 52-week low of $22.13 and a 52-week high of $54.25.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, October 21st. The oil and gas company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). The firm had revenue of $784.55 million for the quarter, compared to the consensus estimate of $775.93 million. Oceaneering International had a net margin of 11.37% and a return on equity of 16.87%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, equities research analysts anticipate that Oceaneering International will post 2.10 EPS for the current fiscal year.

Insider Buying and Selling

In other Oceaneering International news, CEO Roderick Larson sold 6,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $44.16, for a total value of $264,960.00. Following the sale, the chief executive officer owned 385,279 shares in the company, valued at approximately $17,013,920.64. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Institutional Trading of Oceaneering International

A number of hedge funds have recently made changes to their positions in OII. BlackRock Inc. bought a new position in Oceaneering International in the 2nd quarter worth about $664,659,000. Morgan Stanley Institutional Investment Advisors LLC purchased a new stake in Oceaneering International during the 2nd quarter valued at about $124,235,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Oceaneering International during the 2nd quarter valued at about $92,100,000. Reinhart Partners LLC. bought a new stake in Oceaneering International during the 2nd quarter valued at about $66,795,000. Finally, Bank of New York Mellon Corp bought a new stake in Oceaneering International during the 2nd quarter valued at about $45,658,000. 93.93% of the stock is owned by institutional investors.

Oceaneering International Company Profile

Oceaneering International, Inc is a Houston-based global engineering and technology company that provides services, equipment and applied technologies for the energy, defense, aerospace and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles, subsea engineering, inspection, maintenance, repair and installation services, and specialized products used in offshore oil and gas operations.

Oceaneering also develops advanced technologies for government and commercial customers.