Oceaneering International, Inc. (NYSE:OII) Given Average Recommendation of “Hold” by Brokerages

Oceaneering International, Inc. (NYSE:OII) has earned an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.00.

OII has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Oceaneering International from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Barclays lifted their price objective on shares of Oceaneering International from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Finally, Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th.

Oceaneering International Stock Up 1.8%

OII stock opened at $25.22 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. Oceaneering International has a 1 year low of $15.46 and a 1 year high of $30.98. The company has a fifty day simple moving average of $23.56 and a 200 day simple moving average of $21.13. The firm has a market cap of $2.53 billion, a PE ratio of 12.73 and a beta of 1.50.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The business had revenue of $698.16 million during the quarter, compared to analyst estimates of $676.81 million. During the same quarter in the previous year, the business earned $0.28 EPS. Oceaneering International’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Oceaneering International will post 1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total transaction of $361,502.40. Following the completion of the transaction, the chief financial officer owned 155,259 shares of the company’s stock, valued at $3,782,109.24. The trade was a 8.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,111 shares during the last quarter. IFP Advisors Inc lifted its position in Oceaneering International by 11,380.8% during the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 2,959 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Oceaneering International by 33.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 747 shares during the last quarter. GAMMA Investing LLC lifted its position in Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 711 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Oceaneering International during the 2nd quarter worth $92,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.