Oceaneering International Target of Unusually High Options Trading (OII)
Oceaneering International, Inc. (NYSE:OII) saw unusually large options trading activity on Wednesday. Stock traders bought 1,191 call options on the stock. This is an increase of Infinity compared to the average daily volume of 0 call options.
Shares of Oceaneering International (OII) opened at $20.80 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.06 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.99 billion, a P/E ratio of 673.33 and a beta of 1.64.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The business had revenue of $476.12 million for the quarter, compared to the consensus estimate of $511.14 million. During the same period in the previous year, the firm earned $0.17 EPS. The company’s revenue was down 13.3% on a year-over-year basis. equities analysts anticipate that Oceaneering International will post -0.07 earnings per share for the current fiscal year.
In related news, VP W Cardon Gerner sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $25.76, for a total value of $51,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Shell Asset Management Co. boosted its stake in Oceaneering International by 109.1% during the third quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after acquiring an additional 27,684 shares in the last quarter. SG Americas Securities LLC boosted its stake in Oceaneering International by 48.3% during the second quarter. SG Americas Securities LLC now owns 43,819 shares of the oil and gas company’s stock worth $1,001,000 after acquiring an additional 14,270 shares in the last quarter. Personal Capital Advisors Corp boosted its stake in Oceaneering International by 14.4% during the third quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after acquiring an additional 11,818 shares in the last quarter. Schroder Investment Management Group raised its holdings in Oceaneering International by 10.0% in the second quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock worth $9,635,000 after buying an additional 38,535 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Oceaneering International by 1.0% in the second quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock worth $193,226,000 after buying an additional 81,313 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. Cowen and Company set a $28.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Friday, August 4th. Piper Jaffray Companies set a $26.00 target price on shares of Oceaneering International and gave the stock a “buy” rating in a research note on Sunday, July 30th. Deutsche Bank AG assumed coverage on shares of Oceaneering International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $28.00 target price on the stock. Scotiabank set a $37.00 target price on shares of Oceaneering International and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Barclays PLC began coverage on shares of Oceaneering International in a research report on Friday, October 6th. They set an “equal weight” rating and a $28.00 price objective on the stock. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.84.
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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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