Oceaneering International Given Average Rating of “Buy” by Analysts (NYSE:OII)
Shares of Oceaneering International (NYSE:OII) have earned a consensus rating of “Buy” from the fourteen analysts that are presently covering the company, AR Network reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $91.09.
Oceaneering International (NYSE:OII) traded up 1.11% during mid-day trading on Tuesday, hitting $69.43. 146,129 shares of the company’s stock traded hands. Oceaneering International has a 1-year low of $66.00 and a 1-year high of $87.64. The stock has a 50-day moving average of $70.27 and a 200-day moving average of $71.98. The company has a market cap of $7.499 billion and a P/E ratio of 18.66.
Oceaneering International (NYSE:OII) last released its 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. Analysts expect that Oceaneering International will post $4.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, August 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of analysts have recently weighed in on OII shares. Analysts at Cowen and Company cut their price target on shares of Oceaneering International from $93.00 to $86.00 in a research note on Tuesday, July 29th. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Oceaneering International in a research note on Tuesday, July 29th. They now have a $116.00 price target on the stock, down previously from $119.00. Finally, 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, July 29th. They now have a “sector outperform” rating on the stock.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.