Oceaneering International, Inc. (NYSE:OII) Stock Rated “Moderate Buy” by Wall Street Brokerages

Oceaneering International, Inc. (NYSE:OII) has been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $41.00.

OII has been the topic of several recent research reports. Weiss Ratings cut Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Citigroup reduced their price target on Oceaneering International from $52.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Barclays dropped their price objective on Oceaneering International from $47.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, October 26th. Finally, Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th.

Insider Activity at Oceaneering International

In other news, Director Paul B. Murphy, Jr. sold 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $48.37, for a total transaction of $483,700.00. Following the transaction, the director directly owned 68,916 shares of the company’s stock, valued at approximately $3,333,466.92. This represents a 12.67% 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, CEO Roderick A. Larson sold 6,000 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $44.16, for a total value of $264,960.00. Following the sale, the chief executive officer owned 385,279 shares of the company’s stock, valued at approximately $17,013,920.64. This represents a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 22,000 shares of company stock valued at $1,013,620. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OII. Root Financial Partners LLC acquired a new position in shares of Oceaneering International during the third quarter valued at about $26,000. Integrated Wealth Concepts LLC purchased a new stake in Oceaneering International during the 2nd quarter worth approximately $35,000. Parallel Advisors LLC grew its position in Oceaneering International by 53.2% during the 3rd quarter. Parallel Advisors LLC now owns 835 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 290 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Oceaneering International during the second quarter worth $42,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Oceaneering International during the first quarter valued at $53,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Stock Down 0.1%

Shares of Oceaneering International stock opened at $38.20 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.20 and a quick ratio of 1.97. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 11.61 and a beta of 1.30. The firm’s 50-day moving average is $45.64 and its two-hundred day moving average is $40.34. Oceaneering International has a 1 year low of $22.13 and a 1 year high of $54.25.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 21st. The oil and gas company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). Oceaneering International had a net margin of 11.37% and a return on equity of 16.87%. The business had revenue of $784.55 million during the quarter, compared to the consensus estimate of $775.93 million. During the same quarter in the prior year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts expect that Oceaneering International will post 2.10 earnings per share for the current fiscal year.

About Oceaneering International

Oceaneering International, Inc is a Houston-based global engineering and technology company that provides services, equipment and applied technologies for the energy, defense, aerospace and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles, subsea engineering, inspection, maintenance, repair and installation services, and specialized products used in offshore oil and gas operations.

Oceaneering also develops advanced technologies for government and commercial customers.