Oceaneering International (NYSE:OII) Shares Pass Above 200-Day Moving Average of $21.81

Oceaneering International, Inc. (NYSE:OII)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.81 and traded as high as $23.28. Oceaneering International shares last traded at $22.97, with a volume of 593,962 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, February 29th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, April 6th.

Oceaneering International Stock Performance

The firm has a market cap of $2.26 billion, a PE ratio of 23.45 and a beta of 2.49. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $22.27 and its 200 day moving average price is $21.82.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Oceaneering International had a net margin of 4.02% and a return on equity of 14.00%. The business had revenue of $654.60 million for the quarter, compared to the consensus estimate of $624.81 million. During the same period in the prior year, the company earned $0.06 EPS. Oceaneering International’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities analysts forecast that Oceaneering International, Inc. will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oceaneering International

A number of large investors have recently bought and sold shares of OII. Vanguard Group Inc. lifted its holdings in Oceaneering International by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 12,461,454 shares of the oil and gas company’s stock valued at $265,180,000 after buying an additional 246,067 shares during the period. State Street Corp grew its position in shares of Oceaneering International by 3.5% during the 3rd quarter. State Street Corp now owns 4,758,759 shares of the oil and gas company’s stock worth $37,880,000 after buying an additional 161,414 shares during the period. FMR LLC raised its position in shares of Oceaneering International by 18.9% in the 3rd quarter. FMR LLC now owns 4,437,560 shares of the oil and gas company’s stock valued at $114,134,000 after acquiring an additional 705,534 shares during the period. Dimensional Fund Advisors LP boosted its stake in Oceaneering International by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,600,960 shares of the oil and gas company’s stock worth $54,592,000 after acquiring an additional 189,991 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Oceaneering International by 4.0% during the second quarter. Geode Capital Management LLC now owns 1,936,346 shares of the oil and gas company’s stock valued at $36,210,000 after purchasing an additional 74,167 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.