ValuEngine upgraded shares of Oceaneering International, Inc. (NYSE:OII) from a sell rating to a hold rating in a research report report published on Friday.

Other equities research analysts have also issued research reports about the company. Scotiabank set a $37.00 price objective on Oceaneering International and gave the stock a buy rating in a research report on Tuesday, June 13th. Piper Jaffray Companies set a $26.00 price objective on Oceaneering International and gave the stock a buy rating in a research report on Sunday, July 30th. Jefferies Group LLC restated a hold rating and issued a $25.00 price objective on shares of Oceaneering International in a research report on Monday, June 19th. BidaskClub upgraded Oceaneering International from a sell rating to a hold rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Oceaneering International from a sell rating to a hold rating in a research report on Saturday, July 15th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $29.30.

Shares of Oceaneering International (NYSE:OII) opened at 23.00 on Friday. The firm’s 50-day moving average is $23.85 and its 200-day moving average is $25.20. Oceaneering International has a 1-year low of $20.74 and a 1-year high of $32.12. The company’s market cap is $2.26 billion.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The business had revenue of $515.04 million for the quarter, compared to analyst estimates of $481.86 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, equities analysts forecast that Oceaneering International will post ($0.04) earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.61%. Oceaneering International’s dividend payout ratio (DPR) is -206.90%.

A number of hedge funds and other institutional investors have recently bought and sold shares of OII. Capstone Asset Management Co. raised its stake in Oceaneering International by 6.5% in the 1st quarter. Capstone Asset Management Co. now owns 11,558 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 710 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Oceaneering International by 2.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the oil and gas company’s stock valued at $672,000 after purchasing an additional 600 shares during the last quarter. Nationwide Fund Advisors raised its stake in Oceaneering International by 2.0% in the 1st quarter. Nationwide Fund Advisors now owns 177,448 shares of the oil and gas company’s stock valued at $4,805,000 after purchasing an additional 3,408 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Oceaneering International by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 34,145 shares of the oil and gas company’s stock valued at $925,000 after purchasing an additional 500 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Oceaneering International by 8.0% in the 1st quarter. Wells Fargo & Company MN now owns 135,205 shares of the oil and gas company’s stock valued at $3,661,000 after purchasing an additional 10,022 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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).

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Analyst Recommendations for Oceaneering International (NYSE:OII)

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