Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Oceaneering International (OII) Share Price
Press coverage about Oceaneering International (NYSE:OII) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Oceaneering International earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.6059100689246 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- What is ATR in technical analysis? Oceaneering International, Inc. (OII) – Wall Street Morning (wallstreetmorning.com)
- Two Eye-Catching Stocks: Canadian National Railway Company (NYSE:CNI), Oceaneering International, Inc. (NYSE:OII) – The Oracle Examiner (oracleexaminer.com)
- Oceaneering International (OII) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Today’s Hot Mover – Oceaneering International Inc (NYSE: OII) – Stock Trading Point (press release) (stocktradingpoint.com)
- Oceaneering International, Inc. (OII) Stock Swing on Volatility Analysis – Investing News Update (investingbizz.com)
A number of analysts have weighed in on the stock. Credit Suisse Group reissued a “neutral” rating and set a $19.00 price objective (down previously from $20.00) on shares of Oceaneering International in a report on Monday, February 26th. Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wells Fargo reissued an “underperform” rating on shares of Oceaneering International in a report on Friday, January 12th. ValuEngine cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Loop Capital cut their target price on shares of Oceaneering International from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, February 27th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.97.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Oceaneering International had a net margin of 8.66% and a negative return on equity of 0.49%. The firm had revenue of $484.20 million for the quarter, compared to analyst estimates of $435.90 million. During the same period last year, the firm posted $0.03 EPS. Oceaneering International’s quarterly revenue was down .9% on a year-over-year basis. equities analysts anticipate that Oceaneering International will post -0.63 earnings per share for the current year.
About Oceaneering International
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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