Oceaneering International, Inc. (NYSE:OII) Stock Has Consensus Price Target of $41.00

Oceaneering International, Inc. (NYSE:OII) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.00.

A number of analysts have recently issued reports on OII shares. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Weiss Ratings cut shares of Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Citigroup dropped their price objective on shares of Oceaneering International from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday. Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Finally, Barclays cut their target price on shares of Oceaneering International from $47.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, October 26th.

Insider Activity at Oceaneering International

In related news, CEO Roderick A. Larson sold 6,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $44.16, for a total transaction of $264,960.00. Following the completion of the sale, the chief executive officer directly owned 391,279 shares in the company, valued at $17,278,880.64. This represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul B. Murphy, Jr. sold 10,000 shares of the 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 in the company, valued at $3,333,466.92. The trade was a 12.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in Oceaneering International during the third quarter worth about $26,000. Integrated Wealth Concepts LLC bought a new stake in shares of Oceaneering International during the second quarter valued at about $35,000. Allworth Financial LP acquired a new stake in Oceaneering International during the second quarter valued at approximately $42,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Oceaneering International in the second quarter worth $54,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Oceaneering International during the 1st quarter worth about $53,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Price Performance

OII stock opened at $40.92 on Friday. The company’s 50-day moving average price is $46.18 and its two-hundred day moving average price is $40.23. Oceaneering International has a 12 month low of $22.13 and a 12 month high of $54.25. The firm has a market cap of $4.07 billion, a P/E ratio of 12.44 and a beta of 1.30. The company has a quick ratio of 1.97, a current ratio of 2.20 and a debt-to-equity ratio of 0.40.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 21st. The oil and gas company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Oceaneering International had a return on equity of 16.87% and a net margin of 11.37%. The business had revenue of $784.55 million for the quarter, compared to the consensus estimate of $775.93 million. During the same quarter last year, the business posted $0.55 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Oceaneering International will post 2.10 earnings per share for the current fiscal year.

About Oceaneering International

Oceaneering International, Inc is a Houston-based global engineering and technology company that provides services, equipment and applied technologies for the energy, defense, aerospace and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles, subsea engineering, inspection, maintenance, repair and installation services, and specialized products used in offshore oil and gas operations.

Oceaneering also develops advanced technologies for government and commercial customers.