Oceaneering International, Inc. (NYSE:OII) Receives $34.33 Average Price Target from Brokerages

Shares of Oceaneering International, Inc. (NYSE:OII) have received a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.6667.

A number of research firms have commented on OII. TD Cowen lifted their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Barclays boosted their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Weiss Ratings raised shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, Zacks Research downgraded shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th.

Oceaneering International Stock Performance

Oceaneering International stock opened at $38.68 on Friday. The company has a market cap of $3.86 billion, a PE ratio of 11.48 and a beta of 1.17. The company has a fifty day moving average price of $36.30 and a two-hundred day moving average price of $30.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79. Oceaneering International has a 12 month low of $18.45 and a 12 month high of $40.12.

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

Insider Activity at Oceaneering International

In other news, COO Benjamin Laura sold 33,176 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $37.51, for a total transaction of $1,244,431.76. Following the completion of the transaction, the chief operating officer owned 45,911 shares of the company’s stock, valued at approximately $1,722,121.61. The trade was a 41.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jennifer Fremont Simons sold 10,284 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $38.96, for a total transaction of $400,664.64. Following the completion of the sale, the senior vice president directly owned 35,387 shares of the company’s stock, valued at $1,378,677.52. The trade was a 22.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 111,689 shares of company stock valued at $4,204,360. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Oceaneering International

Institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Oceaneering International in the third quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its holdings in Oceaneering International by 335.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 1,111 shares during the period. Quarry LP acquired a new stake in Oceaneering International in the third quarter worth about $30,000. SBI Securities Co. Ltd. lifted its holdings in Oceaneering International by 255.1% in the third quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 1,000 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Oceaneering International by 47.5% in the third quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 629 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.