Oceaneering International, Inc. (NYSE:OII) Receives Consensus Rating of “Hold” from Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $38.3333.

OII has been the topic of several research reports. Citigroup boosted their price target on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. TD Cowen lifted their target price on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. Finally, Barclays boosted their target price on shares of Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th.

Oceaneering International Trading Up 4.3%

Shares of OII stock opened at $44.67 on Wednesday. Oceaneering International has a twelve month low of $20.72 and a twelve month high of $45.14. The stock’s fifty day simple moving average is $39.19 and its 200 day simple moving average is $35.57. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $4.46 billion, a P/E ratio of 13.26 and a beta of 1.15.

Oceaneering International (NYSE:OII) last posted its 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 net margin of 12.12% and a return on equity of 18.35%. The firm had revenue of $692.43 million during the quarter, compared to the consensus estimate of $671.35 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. Oceaneering International’s revenue for the quarter 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 EPS for the current fiscal year.

Insider Activity at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the sale, the chief executive officer 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 document filed with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lido Advisors LLC grew its position in Oceaneering International by 2.8% in the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 335 shares during the period. State of Alaska Department of Revenue raised its holdings in 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 worth $1,307,000 after buying an additional 380 shares during the last quarter. CSM Advisors LLC raised its holdings in 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 worth $359,000 after buying an additional 428 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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 valued at $470,000 after buying an additional 545 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Oceaneering International by 5.8% in the fourth quarter. State of Wyoming now owns 11,299 shares of the oil and gas company’s stock valued at $272,000 after buying an additional 621 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

About Oceaneering International

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.