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

Oceaneering International, Inc. (NYSE:OII) has earned an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $36.6667.

Several equities research analysts have recently commented on the stock. Barclays boosted their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Citigroup lifted their price objective on shares of Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. Finally, Zacks Research downgraded shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th.

Insider Buying and Selling

In other Oceaneering International news, CEO Roderick A. Larson sold 5,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total value of $191,350.00. Following the completion of the sale, the chief executive officer directly owned 397,279 shares in the company, valued at approximately $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Oceaneering International

A number of institutional investors have recently bought and sold shares of OII. Wilmington Savings Fund Society FSB purchased a new stake in Oceaneering International during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its position in Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 1,111 shares during the last quarter. Quarry LP purchased a new stake in Oceaneering International during the 3rd quarter worth approximately $30,000. SBI Securities Co. Ltd. grew its position in Oceaneering International by 255.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Oceaneering International by 47.5% during 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 last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Trading Down 6.8%

NYSE:OII opened at $37.07 on Tuesday. Oceaneering International has a one year low of $19.78 and a one year high of $40.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.79 and a current ratio of 2.08. The firm has a market cap of $3.70 billion, a P/E ratio of 11.00 and a beta of 1.16. The firm has a 50-day simple moving average of $37.37 and a 200-day simple moving average of $32.19.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The business had revenue of $692.43 million during the quarter, compared to the consensus estimate of $671.35 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts anticipate that Oceaneering International will post 1.89 EPS for the current fiscal year.

About Oceaneering International

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.