Oceaneering International (OII) Getting Somewhat Favorable News Coverage, Study Shows

News coverage about Oceaneering International (NYSE:OII) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oceaneering International earned a news impact score of 0.11 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 45.6077719966426 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

OII has been the subject of a number of analyst reports. Scotiabank set a $37.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a research report on Friday, October 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $27.00 price target on shares of Oceaneering International in a research report on Monday, October 30th. Tudor Pickering upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Barclays initiated coverage on shares of Oceaneering International in a research report on Friday, October 6th. They issued an “equal weight” rating and a $28.00 price target for the company. Finally, Capital One Financial downgraded shares of Oceaneering International from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 16th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Oceaneering International presently has an average rating of “Hold” and a consensus price target of $23.70.

Oceaneering International (NYSE:OII) opened at $23.06 on Friday. Oceaneering International has a 1 year low of $17.11 and a 1 year high of $29.53. The company has a market cap of $2,270.00, a P/E ratio of -121.37 and a beta of 1.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.14 and a current ratio of 2.67.

Oceaneering International (NYSE:OII) last announced 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). Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The firm had revenue of $476.12 million for the quarter, compared to analyst estimates of $511.14 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. equities research analysts anticipate that Oceaneering International will post -0.09 EPS for the current year.

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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).

Insider Buying and Selling by Quarter for Oceaneering International (NYSE:OII)

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