Media stories about Oceaneering International (NYSE:OII) have trended somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oceaneering International earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.2677407170726 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
Several brokerages recently issued reports on OII. Jefferies Group set a $18.00 price target on Oceaneering International and gave the stock a “hold” rating in a report on Sunday, October 29th. Scotiabank set a $37.00 price target on Oceaneering International and gave the stock a “buy” rating in a report on Friday, October 27th. Cowen set a $21.00 price target on Oceaneering International and gave the stock a “hold” rating in a report on Sunday, October 29th. Deutsche Bank began coverage on Oceaneering International in a report on Tuesday, October 10th. They issued a “hold” rating and a $28.00 price target on the stock. Finally, Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.10.
Shares of Oceaneering International (OII) opened at $22.13 on Wednesday. Oceaneering International has a 12 month low of $17.11 and a 12 month high of $29.53. The company has a quick ratio of 2.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2,170.00, a price-to-earnings ratio of -116.47 and a beta of 1.62.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The firm had revenue of $476.12 million during the quarter, compared to the consensus estimate of $511.14 million. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. research analysts forecast that Oceaneering International will post -0.09 earnings per share for the current fiscal year.
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Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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