Oceaneering International, Inc. (NYSE:OII) Given Average Rating of “Hold” by Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have been given an average rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.6667.

Several brokerages have recently commented on OII. Barclays upped their price objective on shares of Oceaneering International from $23.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Zacks Research downgraded Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. TD Cowen upped their price target on Oceaneering International from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Citigroup lifted their price objective on Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings raised Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd.

Oceaneering International Stock Down 2.0%

Shares of NYSE OII opened at $33.87 on Thursday. The firm’s fifty day moving average is $32.16 and its 200 day moving average is $27.06. Oceaneering International has a 52 week low of $15.46 and a 52 week high of $39.00. The company has a quick ratio of 1.72, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 9.68 and a beta of 1.18.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $668.57 million during the quarter, compared to analysts’ expectations of $678.16 million. Oceaneering International had a net margin of 12.71% and a return on equity of 21.58%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS. On average, equities research analysts expect that Oceaneering International will post 1.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Holly Kriendler sold 5,798 shares of Oceaneering International stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $37.31, for a total transaction of $216,323.38. Following the sale, the senior vice president owned 24,702 shares of the company’s stock, valued at approximately $921,631.62. The trade was a 19.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Karen H. Beachy sold 9,800 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $366,618.00. Following the transaction, the director owned 22,816 shares in the company, valued at $853,546.56. This represents a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 140,844 shares of company stock valued at $4,972,594 over the last quarter. 2.10% of the stock is owned by company insiders.

Institutional Trading of Oceaneering International

Large investors have recently bought and sold shares of the company. Lido Advisors LLC grew its holdings in shares of Oceaneering International by 2.8% during the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock worth $299,000 after acquiring an additional 335 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Oceaneering International by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock valued at $1,307,000 after purchasing an additional 380 shares in the last quarter. CSM Advisors LLC boosted its position in shares of Oceaneering International by 3.1% during the third quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 428 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Oceaneering International by 15.7% in the third quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 469 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Oceaneering International by 2.9% in the fourth quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock worth $470,000 after purchasing an additional 545 shares during the period. 93.93% of the stock is owned by institutional investors.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.