Oceaneering International Inc. Reaches New 12-Month High at $86.19 (OII)
Oceaneering International (NYSE:OII) set a new 52-week high during mid-day trading on Friday, AnalystRatings.Net reports. The stock traded as high as $86.19 and last traded at $86.09, with a volume of 715,909 shares. The stock had previously closed at $82.91.
OII has been the subject of a number of recent research reports. Analysts at Robert W. Baird initiated coverage on shares of Oceaneering International in a research note to investors on Monday. They set a “neutral” rating and a $92.00 price target on the stock. Separately, analysts at Clarkson Capital initiated coverage on shares of Oceaneering International in a research note to investors on Monday, October 7th. They set a “market perform” rating on the stock. Finally, analysts at Global Hunter Securities downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $81.00 price target on the stock, down previously from $92.00. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Oceaneering International currently has an average rating of “Hold” and an average target price of $81.41.
Oceaneering International has a 52 week low of $50.96 and a 52 week high of $86.32. The stock has a 50-day moving average of $81.65 and a 200-day moving average of $75.84. The company has a market cap of $9.334 billion and a price-to-earnings ratio of 26.57.
Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, July 24th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.67 earnings per share. Oceaneering International’s revenue was up 22.0% compared to the same quarter last year. On average, analysts predict that Oceaneering International will post $3.37 earnings per share 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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