Oceaneering International Receives Average Recommendation of “Buy” from Analysts (NYSE:OII)
Shares of Oceaneering International (NYSE:OII) have earned an average recommendation of “Buy” from the fourteen brokerages that are covering the stock, Analyst Ratings Network reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $91.09.
Shares of Oceaneering International (NYSE:OII) opened at 69.56 on Tuesday. Oceaneering International has a one year low of $66.00 and a one year high of $87.64. The stock’s 50-day moving average is $69.63 and its 200-day moving average is $71.95. The company has a market cap of $7.513 billion and a price-to-earnings ratio of 18.77.
Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.91 earnings per share. Oceaneering International’s revenue was up 13.0% compared to the same quarter last year. 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. Shareholders 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 1.55%. The ex-dividend date of this dividend is Wednesday, August 27th.
OII has been the subject of a number of recent research reports. 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.
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