Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Oceaneering International (OII) Stock Price
News headlines about Oceaneering International (NYSE:OII) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oceaneering International earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.3948237722293 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
- Reviewing Oceaneering International (OII) & Its Competitors (americanbankingnews.com)
- Active Momentum Stocks on Ration Analysis: Square, Inc. (NYSE:SQ), Oceaneering International, Inc. (NYSE:OII) – Investing News Update (investingbizz.com)
- Unmanned Underwater Vehicles Market Research Report by Key Players Analysis 2022 (sbwire.com)
- Barclays PLC Begins Coverage on Oceaneering International, Inc. (OII) (americanbankingnews.com)
- $510.87 Million in Sales Expected for Oceaneering International, Inc. (OII) This Quarter (americanbankingnews.com)
Shares of Oceaneering International (OII) opened at 25.32 on Wednesday. The stock’s 50 day moving average price is $24.83 and its 200-day moving average price is $24.91. Oceaneering International has a 52-week low of $20.74 and a 52-week high of $32.12. The firm’s market capitalization is $2.49 billion.
Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The firm had revenue of $515.04 million during the quarter, compared to analysts’ expectations of $481.86 million. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Equities research analysts anticipate that Oceaneering International will post ($0.04) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 annualized dividend and a yield of 2.37%. Oceaneering International’s payout ratio is currently -206.90%.
OII has been the subject of a number of research analyst reports. Scotiabank set a $37.00 target price on Oceaneering International and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 price target on shares of Oceaneering International in a research report on Monday, June 19th. Morgan Stanley downgraded Oceaneering International from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $33.00 to $28.00 in a research report on Wednesday, June 21st. Seaport Global Securities downgraded Oceaneering International from a “neutral” rating to a “sell” rating and cut their price target for the stock from $24.00 to $19.00 in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded Oceaneering International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.75.
In other Oceaneering International news, VP W Cardon Gerner sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $25.76, for a total transaction of $51,520.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.
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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