Oceaneering International Inc. (NYSE:OII) Receives Average Recommendation of “Hold” from Analysts
Oceaneering International Inc. (NYSE:OII) has received an average recommendation of “Hold” from the twenty-four research firms that are currently covering the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $34.47.
Several research firms have recently issued reports on OII. Credit Suisse Group AG reissued a “hold” rating and issued a $27.00 price target on shares of Oceaneering International in a research note on Thursday, June 2nd. RBC Capital Markets set a $28.00 price target on Oceaneering International and gave the stock a “hold” rating in a research note on Thursday, September 15th. Royal Bank Of Canada decreased their price target on Oceaneering International from $32.00 to $28.00 and set a “sector perform” rating for the company in a research note on Thursday, September 15th. Evercore ISI cut Oceaneering International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $36.00 to $28.00 in a research note on Wednesday, June 29th. Finally, Zacks Investment Research cut Oceaneering International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th.
Several large investors have recently made changes to their positions in the stock. Zebra Capital Management LLC bought a new stake in shares of Oceaneering International during the first quarter valued at approximately $769,000. OMERS ADMINISTRATION Corp increased its stake in shares of Oceaneering International by 79.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 50,400 shares of the company’s stock valued at $1,675,000 after buying an additional 22,300 shares in the last quarter. Credit Agricole S A increased its stake in shares of Oceaneering International by 110.4% in the first quarter. Credit Agricole S A now owns 49,349 shares of the company’s stock valued at $1,641,000 after buying an additional 25,896 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Oceaneering International during the first quarter valued at approximately $283,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Oceaneering International during the first quarter valued at approximately $1,546,000. 97.80% of the stock is owned by institutional investors and hedge funds.
Oceaneering International (NYSE:OII) traded up 1.73% during trading on Wednesday, reaching $25.24. 444,221 shares of the company’s stock were exchanged. Oceaneering International has a 52 week low of $24.33 and a 52 week high of $48.11. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 17.32 and a beta of 1.63. The stock has a 50-day moving average price of $26.70 and a 200 day moving average price of $30.49.
Oceaneering International (NYSE:OII) last issued its earnings results on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. The company earned $625.50 million during the quarter, compared to analyst estimates of $604.16 million. Equities research analysts forecast that Oceaneering International will post $0.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Wednesday, August 24th. Oceaneering International’s dividend payout ratio is 73.47%.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).
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