Oceaneering International Inc. (OII) Trading Down 3.3%
Oceaneering International Inc. (NYSE:OII)’s share price was down 3.3% during mid-day trading on Thursday . The stock traded as low as $25.65 and last traded at $25.65, with a volume of 970,280 shares trading hands. The stock had previously closed at $26.52.
Several equities analysts have recently issued reports on OII shares. Seaport Global Securities reissued an “accumulate” rating on shares of Oceaneering International in a report on Friday, August 19th. Stephens restated a “top pick” rating on shares of Oceaneering International in a research note on Friday, July 15th. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Oceaneering International in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. assumed coverage on Oceaneering International in a research note on Wednesday, June 22nd. They issued an “underweight” rating and a $23.00 price target for the company. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $37.50.
The firm has a market cap of $2.52 billion and a PE ratio of 17.66. The company’s 50-day moving average price is $28.27 and its 200-day moving average price is $30.81.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. The company had revenue of $625.50 million for the quarter, compared to analysts’ expectations of $604.16 million. On average, equities analysts anticipate that Oceaneering International Inc. will post $0.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 26th will be given a $0.27 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $1.08 dividend on an annualized basis and a yield of 4.20%.
In other news, VP Stephen P. Barrett acquired 1,000 shares of Oceaneering International stock in a transaction that occurred on Wednesday, June 29th. The stock was purchased at an average price of $28.91 per share, for a total transaction of $28,910.00. Following the completion of the transaction, the vice president now directly owns 21,718 shares in the company, valued at $627,867.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently raised its stake in Oceaneering International stock. Principal Financial Group Inc. increased its position in shares of Oceaneering International Inc. (NYSE:OII) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 315,133 shares of the company’s stock after buying an additional 7,693 shares during the period. Principal Financial Group Inc. owned 0.32% of Oceaneering International worth $11,824,000 as of its most recent filing with the SEC.
Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).
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