Oceaneering International (NYSE:OII) Given a $15.00 Price Target at Cowen

Cowen set a $15.00 target price on Oceaneering International (NYSE:OIIGet Rating) in a report published on Monday, Stock Target Advisor reports.

Several other brokerages have also weighed in on OII. StockNews.com lowered shares of Oceaneering International from a buy rating to a hold rating in a report on Wednesday, May 4th. Piper Sandler raised their price objective on shares of Oceaneering International from $22.50 to $25.00 and gave the stock an overweight rating in a report on Monday, April 18th.

Oceaneering International stock opened at $8.83 on Monday. Oceaneering International has a 12-month low of $8.56 and a 12-month high of $18.20. The company has a market capitalization of $885.24 million, a price-to-earnings ratio of -14.97 and a beta of 2.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.46 and a quick ratio of 2.11. The firm’s fifty day moving average price is $11.94 and its 200 day moving average price is $13.21.

Oceaneering International (NYSE:OIIGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The firm had revenue of $446.16 million for the quarter, compared to the consensus estimate of $416.05 million. Oceaneering International had a negative net margin of 3.15% and a positive return on equity of 1.42%. During the same quarter in the previous year, the firm posted $0.03 EPS. Analysts forecast that Oceaneering International will post 0.47 earnings per share for the current fiscal year.

In other Oceaneering International news, Director Steven A. Webster purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The stock was acquired at an average cost of $8.72 per share, with a total value of $218,000.00. Following the acquisition, the director now owns 99,208 shares of the company’s stock, valued at approximately $865,093.76. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.01% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of OII. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Oceaneering International in the 4th quarter valued at about $27,000. MCF Advisors LLC bought a new stake in Oceaneering International in the 1st quarter valued at about $44,000. Advisor Group Holdings Inc. lifted its position in Oceaneering International by 111.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 1,635 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Oceaneering International in the 4th quarter valued at about $90,000. Finally, CIBC Asset Management Inc bought a new stake in Oceaneering International in the 4th quarter valued at about $147,000. 87.15% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Company Profile (Get Rating)

Oceaneering International, Inc provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.

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