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.

ILLEGAL ACTIVITY WARNING: “Oceaneering International, Inc. (OII) Given Average Recommendation of “Hold” by Brokerages” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/04/oceaneering-international-inc-oii-given-average-recommendation-of-hold-by-brokerages.html.

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).

Analyst Recommendations for Oceaneering International (NYSE:OII)

Receive News & Ratings for Oceaneering International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.