Oceaneering International, Inc. (OII) Given Average Recommendation of “Hold” by Brokerages
Oceaneering International, Inc. (NYSE:OII) has been given an average rating of “Hold” by the eighteen analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $30.00.
A number of equities analysts have recently commented on OII shares. Royal Bank Of Canada reiterated a “sell” rating and issued a $25.00 price objective on shares of Oceaneering International in a research note on Thursday, July 20th. BidaskClub cut Oceaneering International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Oceaneering International in a research report on Thursday, July 20th. Finally, Scotiabank set a $37.00 target price on shares of Oceaneering International and gave the stock a “buy” rating in a research report on Tuesday, June 13th.
In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total transaction of $52,680.00. Following the sale, the director now directly owns 16,600 shares of the company’s stock, valued at $437,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in Oceaneering International by 8.0% during the 1st quarter. Wells Fargo & Company MN now owns 135,205 shares of the oil and gas company’s stock valued at $3,661,000 after purchasing an additional 10,022 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Oceaneering International by 2.5% in the first quarter. Great West Life Assurance Co. Can now owns 57,289 shares of the oil and gas company’s stock worth $1,551,000 after purchasing an additional 1,410 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Oceaneering International by 28.0% in the first quarter. UBS Asset Management Americas Inc. now owns 86,674 shares of the oil and gas company’s stock worth $2,347,000 after purchasing an additional 18,974 shares in the last quarter. Karp Capital Management Corp acquired a new position in Oceaneering International in the first quarter worth $1,523,000. Finally, Virginia Retirement Systems ET AL acquired a new position in Oceaneering International in the first quarter worth $491,000. Institutional investors own 99.71% of the company’s stock.
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Shares of Oceaneering International (NYSE:OII) opened at 25.43 on Wednesday. The stock has a 50 day moving average of $24.41 and a 200 day moving average of $24.91. The firm’s market cap is $2.50 billion. Oceaneering International has a 12 month low of $20.74 and a 12 month high of $32.12.
Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The company had revenue of $515.04 million for the quarter, compared to analyst estimates of $481.86 million. During the same quarter last year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, equities research analysts expect that Oceaneering International will post ($0.04) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, August 23rd. Oceaneering International’s payout ratio is -206.90%.
About Oceaneering International
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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