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

Oceaneering International, Inc. (NYSE:OII) has earned a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $45.00.

Several analysts have commented on the stock. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup lifted their target price on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Barclays boosted their target price on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Weiss Ratings lowered Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Finally, TD Cowen raised their price target on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th.

Oceaneering International Price Performance

OII stock opened at $52.26 on Friday. Oceaneering International has a one year low of $22.02 and a one year high of $54.25. The company’s fifty day moving average price is $44.25 and its 200-day moving average price is $39.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.18. The company has a market capitalization of $5.20 billion, a PE ratio of 15.02 and a beta of 1.15.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. The firm had revenue of $768.18 million during the quarter, compared to analyst estimates of $735.69 million. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. Oceaneering International’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, equities analysts anticipate that Oceaneering International will post 2.1 EPS for the current fiscal year.

Insider Transactions at Oceaneering International

In related news, SVP Christopher J. Dyer sold 1,200 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.65, for a total value of $57,180.00. Following the sale, the senior vice president owned 14,702 shares in the company, valued at approximately $700,550.30. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul B. Murphy, Jr. sold 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $48.37, for a total transaction of $483,700.00. Following the sale, the director directly owned 68,916 shares in the company, valued at approximately $3,333,466.92. The trade was a 12.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,901 shares of company stock valued at $1,277,904 over the last quarter. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Oceaneering International

Institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oceaneering International during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its stake in Oceaneering International by 335.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,111 shares during the last quarter. Quarry LP bought a new stake in Oceaneering International during the third quarter worth approximately $30,000. Allworth Financial LP purchased a new stake in Oceaneering International during the second quarter valued at approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Oceaneering International during the first quarter valued at approximately $53,000. 93.93% of the stock is owned by hedge funds and other 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.