Shares of Oceaneering International, Inc. (NYSE:OII) have earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $30.44.

A number of research firms have commented on OII. Cowen and Company restated a “hold” rating and issued a $25.00 target price on shares of Oceaneering International in a research report on Tuesday, July 11th. Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Scotiabank set a $37.00 price objective on Oceaneering International and gave the company a “buy” rating in a report on Tuesday, June 13th. Piper Jaffray Companies set a $26.00 price objective on Oceaneering International and gave the company a “buy” rating in a report on Sunday, July 30th. Finally, BidaskClub cut Oceaneering International from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

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Several hedge funds and other institutional investors have recently made changes to their positions in OII. Pacad Investment Ltd. boosted its position in shares of Oceaneering International by 231.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,700 shares during the period. Westpac Banking Corp acquired a new stake in shares of Oceaneering International in the 1st quarter valued at about $144,000. LS Investment Advisors LLC boosted its position in shares of Oceaneering International by 18.4% in the 2nd quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after purchasing an additional 1,188 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Oceaneering International by 4.0% in the 1st quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after purchasing an additional 300 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Oceaneering International by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 560 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International (NYSE OII) opened at 24.32 on Friday. The company’s market capitalization is $2.39 billion. Oceaneering International has a 1-year low of $20.74 and a 1-year high of $32.12. The firm has a 50-day moving average price of $23.84 and a 200 day moving average price of $25.10.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $515.04 million for the quarter, compared to analyst estimates of $481.86 million. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The business’s revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. On average, equities analysts predict that Oceaneering International will post ($0.04) EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. Oceaneering International’s dividend payout ratio (DPR) is presently -206.90%.

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).

Analyst Recommendations for Oceaneering International (NYSE:OII)

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