Oceaneering International Price Target Lowered to $116.00 at Deutsche Bank (OII)
Equities research analysts at Deutsche Bank dropped their price target on shares of Oceaneering International (NYSE:OII) from $119.00 to $116.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 67.68% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Howard Weil cut their price target on shares of Oceaneering International from $105.00 to $90.00 in a research note on Tuesday. They now have a “sector outperform” rating on the stock. Analysts at Global Hunter Securities cut their price target on shares of Oceaneering International from $79.00 to $78.00 in a research note on Wednesday, July 16th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Oceaneering International currently has a consensus rating of “Buy” and a consensus target price of $91.09.
Shares of Oceaneering International (NYSE:OII) traded down 0.45% during mid-day trading on Tuesday, hitting $69.18. 1,128,439 shares of the company’s stock traded hands. Oceaneering International has a 52 week low of $66.00 and a 52 week high of $87.64. The stock’s 50-day moving average is $74.76 and its 200-day moving average is $72.47. The company has a market cap of $7.500 billion and a P/E ratio of 18.88.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.01. The company had revenue of $927.40 million for the quarter, compared to the consensus estimate of $923.83 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that Oceaneering International will post $4.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, August 29th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, August 27th.
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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