Somewhat Positive News Coverage Somewhat Unlikely to Affect Oceaneering International (OII) Stock Price
Media headlines about Oceaneering International (NYSE:OII) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 0.09 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.0683083388466 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- 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)
- FY2017 Earnings Estimate for Oceaneering International, Inc. (OII) Issued By Capital One Financial Corporation (americanbankingnews.com)
Several analysts have weighed in on the stock. Cowen and Company set a $28.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Friday, August 4th. Piper Jaffray Companies set a $26.00 target price on shares of Oceaneering International and gave the stock a “buy” rating in a report on Sunday, July 30th. Deutsche Bank AG assumed coverage on shares of Oceaneering International in a research report on Tuesday, October 10th. They set a “hold” rating and a $28.00 target price on the stock. Scotiabank set a $37.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Barclays PLC initiated coverage on shares of Oceaneering International in a report on Friday, October 6th. They set an “equal weight” rating and a $28.00 price objective on the stock. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.84.
Oceaneering International (NYSE:OII) traded up $0.04 during trading on Wednesday, hitting $18.52. The company’s stock had a trading volume of 1,828,200 shares, compared to its average volume of 1,397,582. The company has a market cap of $1,816.20, a P/E ratio of 616.00 and a beta of 1.64. Oceaneering International has a 1-year low of $17.11 and a 1-year high of $32.12. The company has a current ratio of 2.67, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The company had revenue of $476.12 million for the quarter, compared to the consensus estimate of $511.14 million. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The company’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. equities research analysts forecast that Oceaneering International will post -0.09 EPS for the current fiscal year.
In related news, Director Paul B. Murphy, Jr. sold 2,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $26.34, for a total transaction of $52,680.00. Following the sale, the director now owns 16,600 shares in the company, valued at approximately $437,244. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.
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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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