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

Oceaneering International, Inc. (NYSE:OII) has earned an average recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $45.00.

Several research analysts have commented on OII shares. Citigroup upped their price objective on shares of Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Finally, Barclays raised their price objective on shares of Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th.

Oceaneering International Price Performance

OII opened at $46.69 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.18. Oceaneering International has a 52-week low of $22.02 and a 52-week high of $54.25. The stock has a market capitalization of $4.65 billion, a PE ratio of 13.42 and a beta of 1.17. The stock’s 50 day moving average price is $48.85 and its 200-day moving average price is $41.28.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. The company had revenue of $768.18 million during the quarter, compared to analyst estimates of $735.69 million. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities research analysts predict that Oceaneering International will post 2.1 EPS for the current year.

Insider Transactions at Oceaneering International

In related news, SVP Earl Childress sold 12,701 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $46.71, for a total value of $593,263.71. Following the sale, the senior vice president directly owned 22,876 shares of the company’s stock, valued at $1,068,537.96. This represents a 35.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Murphy, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $48.37, for a total value of $483,700.00. Following the transaction, the director directly owned 68,916 shares of the company’s stock, valued at $3,333,466.92. This represents a 12.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,901 shares of company stock valued at $1,277,904. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Oceaneering International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EP Wealth Advisors LLC bought a new position in shares of Oceaneering International during the second quarter valued at $855,000. Great Lakes Advisors LLC purchased a new position in shares of Oceaneering International in the 2nd quarter worth about $445,000. Leuthold Group LLC bought a new position in Oceaneering International in the 4th quarter worth about $3,548,000. Fifth Third Bancorp grew its position in Oceaneering International by 6,782.5% during the 1st quarter. Fifth Third Bancorp now owns 29,526 shares of the oil and gas company’s stock valued at $1,047,000 after purchasing an additional 29,097 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in Oceaneering International during the 4th quarter valued at about $5,489,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Company Profile

Oceaneering International, Inc is a Houston, Texas-based global engineering and technology company that provides products and services to the offshore energy, defense, aerospace, and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles (ROVs), subsea tooling, umbilicals, engineering services, and inspection, maintenance, and repair solutions for offshore infrastructure.

Oceaneering’s business also includes offshore project management, asset integrity management, digital and data solutions, and the design and manufacture of specialized equipment.