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

Oceaneering International, Inc. (NYSE:OII) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $36.6667.

Several research analysts recently commented on OII shares. Citigroup boosted their price target on Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Zacks Research lowered Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Barclays boosted their price objective on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a report on Friday, May 22nd.

Oceaneering International Trading Down 1.9%

NYSE:OII opened at $37.50 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.79 and a current ratio of 2.08. Oceaneering International has a one year low of $19.03 and a one year high of $40.12. The business’s 50-day simple moving average is $37.18 and its 200 day simple moving average is $31.83. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 11.13 and a beta of 1.16.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The business had revenue of $692.43 million during the quarter, compared to analyst estimates of $671.35 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Oceaneering International will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total value of $191,350.00. Following the completion of the sale, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Oceaneering International

Hedge funds and other institutional investors have recently bought and sold shares of the company. CenterBook Partners LP bought a new stake in Oceaneering International in the third quarter valued at about $409,000. Essex Investment Management Co. LLC increased its holdings in Oceaneering International by 58.7% in the third quarter. Essex Investment Management Co. LLC now owns 159,261 shares of the oil and gas company’s stock valued at $3,946,000 after buying an additional 58,925 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Oceaneering International by 14.0% in the third quarter. Public Sector Pension Investment Board now owns 390,866 shares of the oil and gas company’s stock valued at $9,686,000 after buying an additional 47,922 shares during the last quarter. Leuthold Group LLC bought a new stake in Oceaneering International in the fourth quarter valued at about $3,548,000. Finally, Old West Investment Management LLC increased its holdings in Oceaneering International by 21.1% in the third quarter. Old West Investment Management LLC now owns 238,103 shares of the oil and gas company’s stock valued at $5,900,000 after buying an additional 41,466 shares during the last quarter. 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.