Oceaneering International, Inc. (NYSE:OII) Receives $45.00 Average Target Price from Brokerages

Shares of Oceaneering International, Inc. (NYSE:OII) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $45.00.

OII has been the topic of several analyst reports. Citigroup upped their target price on Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Barclays boosted their price target on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st.

Oceaneering International Trading Up 1.6%

OII opened at $51.36 on Thursday. The company’s 50 day moving average is $48.44 and its 200-day moving average is $41.07. Oceaneering International has a 1-year low of $22.02 and a 1-year high of $54.25. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42. The company has a market cap of $5.11 billion, a P/E ratio of 14.76 and a beta of 1.17.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. The business had revenue of $768.18 million during the quarter, compared to analysts’ expectations of $735.69 million. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. Equities research analysts predict that Oceaneering International will post 2.1 earnings per share for the current fiscal year.

Insider Transactions at Oceaneering International

In related news, Director Paul Murphy, Jr. sold 10,000 shares of the stock in a transaction on Friday, August 7th. The stock was 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 in the company, valued at $3,333,466.92. This trade represents a 12.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher Dyer sold 1,200 shares of Oceaneering International stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.65, for a total transaction of $57,180.00. Following the completion of the sale, the senior vice president directly owned 14,702 shares of the company’s stock, valued at approximately $700,550.30. The trade was a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,901 shares of company stock valued at $1,277,904 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Lido Advisors LLC grew its position in shares of Oceaneering International by 2.8% in the fourth quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 335 shares during the period. Allworth Financial LP grew its holdings in Oceaneering International by 63.2% in the 2nd quarter. Allworth Financial LP now owns 1,046 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 405 shares during the period. CSM Advisors LLC grew its holdings in Oceaneering International by 3.1% in the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 428 shares during the period. NewEdge Advisors LLC grew its holdings in Oceaneering International by 2.9% in the fourth quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock valued at $470,000 after purchasing an additional 545 shares during the period. Finally, State of Wyoming grew its holdings in Oceaneering International by 5.8% in the fourth quarter. State of Wyoming now owns 11,299 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 621 shares during the period. Institutional investors own 93.93% of the company’s stock.

About Oceaneering International

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.