Oceaneering International (NYSE:OII) had its price objective decreased by Barclays from $20.00 to $18.00 in a research note published on Monday morning. Barclays currently has a hold rating on the oil and gas company’s stock.
A number of other brokerages have also recently commented on OII. Royal Bank of Canada reaffirmed a buy rating and set a $28.00 price objective on shares of Oceaneering International in a research note on Friday, July 27th. Zacks Investment Research raised shares of Oceaneering International from a hold rating to a buy rating and set a $30.00 price target on the stock in a research note on Monday, July 16th. Credit Suisse Group lifted their price target on shares of Oceaneering International from $19.00 to $20.00 and gave the company a neutral rating in a research note on Friday, July 27th. Jefferies Financial Group reissued a hold rating and issued a $24.00 price target on shares of Oceaneering International in a research note on Friday, July 27th. Finally, SunTrust Banks set a $24.00 price target on shares of Oceaneering International and gave the company a hold rating in a research note on Tuesday, October 16th. They noted that the move was a valuation call. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $25.75.
Shares of NYSE OII traded down $0.02 during midday trading on Monday, reaching $19.02. 447,704 shares of the stock were exchanged, compared to its average volume of 1,077,033. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -271.71 and a beta of 1.37. Oceaneering International has a twelve month low of $17.41 and a twelve month high of $28.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.50 and a quick ratio of 2.17.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. The business had revenue of $519.30 million for the quarter, compared to analysts’ expectations of $492.15 million. Oceaneering International had a net margin of 1.34% and a negative return on equity of 5.33%. Analysts anticipate that Oceaneering International will post -1.09 earnings per share for the current fiscal year.
In other Oceaneering International news, Director T Jay Collins sold 16,750 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $26.50, for a total value of $443,875.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Oceaneering International by 31.3% in the 2nd quarter. BlackRock Inc. now owns 11,198,680 shares of the oil and gas company’s stock valued at $285,118,000 after purchasing an additional 2,667,334 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Oceaneering International by 10.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,654,076 shares of the oil and gas company’s stock valued at $194,872,000 after purchasing an additional 735,367 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Oceaneering International by 95.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,046,161 shares of the oil and gas company’s stock valued at $84,074,000 after purchasing an additional 1,484,094 shares in the last quarter. Millennium Management LLC lifted its holdings in Oceaneering International by 12.0% in the 2nd quarter. Millennium Management LLC now owns 2,561,127 shares of the oil and gas company’s stock valued at $65,206,000 after purchasing an additional 275,126 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Oceaneering International by 82.3% in the 2nd quarter. Northern Trust Corp now owns 1,557,801 shares of the oil and gas company’s stock valued at $39,661,000 after purchasing an additional 703,347 shares in the last quarter.
About Oceaneering International
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
Recommended Story: What is a closed-end mutual fund (CEF)?
Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.