Oceaneering International (OII) Earning Somewhat Favorable News Coverage, Study Finds
News coverage about Oceaneering International (NYSE:OII) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oceaneering International earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.6392792956708 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Oceaneering International, Inc. (OII) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Technical Analysis of Oceaneering International, Inc. (NYSE:OII) – The Oracle Examiner (oracleexaminer.com)
- Technical Snapshots for These Oil & Gas Stocks — Andeavor Logistics, Baker Hughes, Oceaneering Intl., and TETRA Technologies (bizjournals.com)
- Oceaneering International : to Participate at the Jefferies Energy Conference (4-traders.com)
- Oceaneering to Participate at the Jefferies Energy Conference (finance.yahoo.com)
OII has been the subject of several research analyst reports. Piper Jaffray Companies set a $26.00 price target on Oceaneering International and gave the stock a “buy” rating in a research note on Sunday, July 30th. Cowen Inc set a $28.00 price target on Oceaneering International and gave the stock a “hold” rating in a research note on Friday, August 4th. BidaskClub lowered Oceaneering International from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Royal Bank Of Canada upgraded Oceaneering International from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $25.00 to $33.00 in a research note on Friday, August 25th. Finally, ValuEngine upgraded Oceaneering International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.84.
Shares of Oceaneering International (NYSE OII) traded up $0.19 during midday trading on Friday, hitting $19.00. The stock had a trading volume of 315,754 shares, compared to its average volume of 1,867,549. Oceaneering International has a 52 week low of $17.11 and a 52 week high of $32.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. The stock has a market capitalization of $1,867.30, a P/E ratio of 633.33 and a beta of 1.64.
Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The company had revenue of $476.12 million during the quarter, compared to analysts’ expectations of $511.14 million. During the same period in the previous year, the company earned $0.17 EPS. Oceaneering International’s quarterly revenue was down 13.3% on a year-over-year basis. sell-side analysts expect that Oceaneering International will post -0.09 earnings per share for the current fiscal year.
In other news, VP W Cardon Gerner sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $25.76, for a total value of $51,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is owned by corporate insiders.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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