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

Shares of Oceaneering International, Inc. (NYSE:OII) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.00.

Several brokerages recently commented on OII. Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. TD Cowen boosted their price target on Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Oceaneering International in a research report on Monday. Citigroup raised their price objective on shares of Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Finally, Barclays boosted their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th.

Insider Activity at Oceaneering International

In other news, CFO Alan R. Curtis sold 14,840 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total value of $361,502.40. Following the completion of the sale, the chief financial officer directly owned 155,259 shares in the company, valued at $3,782,109.24. This represents a 8.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is owned by company insiders.

Institutional Trading of Oceaneering International

Hedge funds have recently bought and sold shares of the stock. CSM Advisors LLC raised its stake in shares of Oceaneering International by 3.1% in the third quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock valued at $359,000 after acquiring an additional 428 shares during the period. Smartleaf Asset Management LLC grew its holdings in Oceaneering International by 15.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 469 shares during the last quarter. Profund Advisors LLC grew its holdings in Oceaneering International by 3.4% during the 2nd quarter. Profund Advisors LLC now owns 17,032 shares of the oil and gas company’s stock valued at $353,000 after purchasing an additional 559 shares during the last quarter. Bessemer Group Inc. raised its position in Oceaneering International by 47.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 629 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Oceaneering International by 0.7% in the second quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company’s stock worth $1,934,000 after purchasing an additional 634 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 0.4%

Shares of Oceaneering International stock opened at $23.48 on Friday. Oceaneering International has a twelve month low of $15.46 and a twelve month high of $30.98. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $23.84 and its 200 day moving average is $22.22. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 10.25 and a beta of 1.55.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. The business had revenue of $742.90 million during the quarter, compared to the consensus estimate of $709.48 million. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. Research analysts anticipate that Oceaneering International will post 1.78 EPS for the current year.

Oceaneering International Company Profile

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.