Oceaneering International, Inc. (OII) Given Hold Rating at Jefferies Group LLC
Oceaneering International, Inc. (NYSE:OII)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group LLC in a report released on Monday. They presently have a $25.00 price objective on the oil and gas company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 0.20% from the stock’s previous close.
Several other research firms have also commented on OII. Royal Bank Of Canada reiterated a “sell” rating and set a $30.00 price target on shares of Oceaneering International in a report on Friday, April 21st. Scotiabank set a $37.00 price target on Oceaneering International and gave the stock a “buy” rating in a report on Tuesday, June 13th. Wolfe Research lowered Oceaneering International from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 6th. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Finally, Tudor Pickering began coverage on Oceaneering International in a report on Thursday, March 23rd. They set a “hold” rating on the stock. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.67.
Oceaneering International (NYSE OII) traded up 0.261% on Monday, reaching $25.015. 865,328 shares of the company’s stock were exchanged. The firm’s market cap is $2.46 billion. Oceaneering International has a one year low of $22.47 and a one year high of $32.70. The firm has a 50 day moving average price of $25.57 and a 200 day moving average price of $27.09.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The company had revenue of $446.18 million for the quarter, compared to analyst estimates of $459.57 million. Oceaneering International had a positive return on equity of 2.72% and a negative net margin of 0.38%. The firm’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. On average, equities analysts anticipate that Oceaneering International will post ($0.12) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, May 26th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.60 annualized dividend and a yield of 2.40%. Oceaneering International’s dividend payout ratio (DPR) is currently -750.00%.
In related news, Director Paul B. Murphy, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $24.68, for a total value of $98,720.00. Following the sale, the director now directly owns 18,901 shares in the company, valued at approximately $466,476.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of OII. Westpac Banking Corp bought a new stake in shares of Oceaneering International during the first quarter valued at about $144,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Oceaneering International by 101.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,731 shares of the oil and gas company’s stock valued at $157,000 after buying an additional 2,880 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Oceaneering International during the fourth quarter valued at about $201,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Oceaneering International during the fourth quarter valued at about $205,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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