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

Shares of Oceaneering International, Inc. (NYSE:OII) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $33.6667.

Several equities analysts recently commented on OII shares. Barclays upped their price target on shares of Oceaneering International from $23.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Zacks Research downgraded shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup increased their target price 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. Finally, TD Cowen raised their target price on shares of Oceaneering International from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd.

Oceaneering International Stock Performance

OII opened at $36.10 on Thursday. The business has a fifty day simple moving average of $33.08 and a 200 day simple moving average of $27.47. The company has a market capitalization of $3.59 billion, a PE ratio of 10.31 and a beta of 1.18. Oceaneering International has a 1 year low of $15.46 and a 1 year high of $39.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.72.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Oceaneering International had a return on equity of 21.58% and a net margin of 12.71%.The firm had revenue of $668.57 million for the quarter, compared to analysts’ expectations of $678.16 million. During the same quarter last year, the business earned $0.37 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts expect that Oceaneering International will post 1.78 EPS for the current year.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, SVP Holly Kriendler sold 5,798 shares of Oceaneering International stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $37.31, for a total value of $216,323.38. Following the completion of the transaction, the senior vice president directly owned 24,702 shares of the company’s stock, valued at $921,631.62. The trade was a 19.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Benjamin Laura sold 5,106 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $36.88, for a total value of $188,309.28. Following the sale, the chief operating officer owned 40,805 shares of the company’s stock, valued at approximately $1,504,888.40. The trade was a 11.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 140,844 shares of company stock valued at $4,972,594 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC bought a new stake in Oceaneering International during the third quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in Oceaneering International in the 3rd quarter valued at about $28,000. Quarry LP bought a new position in Oceaneering International in the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. raised its position in shares of Oceaneering International by 255.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 1,000 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 1,111 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Company Profile

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.