Oceaneering International Inc. Sets New 1-Year High at $84.64 (OII)
Oceaneering International (NYSE:OII) set a new 52-week high during mid-day trading on Wednesday, AnalystRatings.Net reports. The stock traded as high as $84.64 and last traded at $84.06, with a volume of 628,045 shares. The stock had previously closed at $83.42.
OII has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of Oceaneering International (NYSE:OII) from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, August 15th. They now have a $89.00 price target on the stock. Separately, analysts at ISI Group raised their price target on shares of Oceaneering International (NYSE:OII) from $78.00 to $97.00 in a research note to investors on Monday, July 29th. They now have a “strong-buy” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Oceaneering International (NYSE:OII) from $78.00 to $97.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Oceaneering International currently has an average rating of “Buy” and an average target price of $80.38.
Oceaneering International has a 52-week low of $50.87 and a 52-week high of $84.64. The stock’s 50-day moving average is $81.26 and its 200-day moving average is $73.24. The company has a market cap of $9.092 billion and a price-to-earnings ratio of 26.74.
Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, July 24th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.07. The company had revenue of $820.40 million for the quarter, compared to the consensus estimate of $786.66 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Analysts expect that Oceaneering International will post $3.37 EPS for the current fiscal year.
Oceaneering International, Inc is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications.
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