Several other research firms have also commented on OII. Zacks Investment Research upgraded Oceaneering International from a sell rating to a hold rating in a research note on Saturday, July 15th. Piper Jaffray Companies lowered Oceaneering International from an overweight rating to a neutral rating in a research note on Friday. J P Morgan Chase & Co reduced their price objective on Oceaneering International from $22.00 to $21.00 and set an underweight rating for the company in a research note on Tuesday, September 12th. Barclays PLC initiated coverage on Oceaneering International in a research note on Friday, October 6th. They issued an equal weight rating and a $28.00 price objective for the company. Finally, Royal Bank Of Canada upgraded Oceaneering International from an underperform rating to an outperform rating and upped their price objective for the stock from $25.00 to $33.00 in a research note on Friday, August 25th. 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 company’s stock. The company has a consensus rating of Hold and a consensus target price of $25.22.
Oceaneering International (OII) traded up 3.52% during trading on Friday, hitting $19.71. The stock had a trading volume of 3,107,428 shares. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $32.12. The company has a 50-day moving average price of $25.15 and a 200-day moving average price of $24.69. The company’s market cap is $1.94 billion.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $476.12 million during the quarter, compared to analysts’ expectations of $511.14 million. Oceaneering International had a negative return on equity of 0.47% and a negative net margin of 0.37%. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. Equities research analysts forecast that Oceaneering International will post ($0.04) EPS for the current year.
In related news, VP W Cardon Gerner sold 2,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were 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 currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Boys Arnold & Co. Inc. purchased a new stake in Oceaneering International in the 3rd quarter worth about $210,000. Crossmark Global Holdings Inc. purchased a new stake in Oceaneering International in the 3rd quarter worth about $340,000. Hanson & Doremus Investment Management raised its position in Oceaneering International by 34.8% in the 3rd quarter. Hanson & Doremus Investment Management now owns 25,022 shares of the oil and gas company’s stock worth $657,000 after purchasing an additional 6,462 shares during the period. First Quadrant L P CA raised its position in Oceaneering International by 0.8% in the 3rd quarter. First Quadrant L P CA now owns 1,032,938 shares of the oil and gas company’s stock worth $27,135,000 after purchasing an additional 8,251 shares during the period. Finally, Personal Capital Advisors Corp raised its position in Oceaneering International by 14.4% in the 3rd quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after purchasing an additional 11,818 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.
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).
What are top analysts saying about Oceaneering International? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Oceaneering International and related companies.