Oceaneering International Inc. (OII) Research Coverage Started at Loop Capital
Loop Capital initiated coverage on shares of Oceaneering International Inc. (NYSE:OII) in a research report issued on Friday. The brokerage set a “buy” rating on the stock.
Several other analysts have also issued reports on the stock. Seaport Global Securities restated an “accumulate” rating on shares of Oceaneering International in a research report on Friday, August 19th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Oceaneering International in a research report on Tuesday, July 5th. Jefferies Group set a $27.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Evercore ISI lowered shares of Oceaneering International from a “buy” rating to a “hold” rating and cut their target price for the company from $36.00 to $28.00 in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $35.13.
Shares of Oceaneering International (NYSE:OII) opened at 27.20 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of 18.67 and a beta of 1.63. Oceaneering International has a 52-week low of $24.33 and a 52-week high of $48.11. The stock’s 50 day moving average is $26.63 and its 200 day moving average is $30.44.
Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.01. Oceaneering International had a net margin of 5.31% and a return on equity of 11.41%. The company had revenue of $625.50 million for the quarter, compared to analysts’ expectations of $604.16 million. Equities research analysts forecast that Oceaneering International will post $0.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Wednesday, August 24th. Oceaneering International’s payout ratio is presently 73.47%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Oceaneering International during the fourth quarter worth approximately $41,620,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Oceaneering International by 6.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 33,812 shares of the company’s stock worth $1,124,000 after buying an additional 2,158 shares during the last quarter. Virginia Retirement System bought a new position in Oceaneering International during the first quarter worth approximately $1,186,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Oceaneering International during the first quarter worth approximately $565,000. Finally, Teachers Advisors Inc. boosted its position in Oceaneering International by 11.7% in the first quarter. Teachers Advisors Inc. now owns 404,998 shares of the company’s stock worth $13,462,000 after buying an additional 42,523 shares during the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.
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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