Oceaneering International, Inc. (NYSE:OII) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $29.56.
A number of equities analysts recently commented on the company. Cowen and Company reissued a “hold” rating and set a $25.00 price target on shares of Oceaneering International in a research note on Tuesday, July 11th. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Scotiabank set a $37.00 price target on Oceaneering International and gave the company a “buy” rating in a research note on Tuesday, June 13th. Piper Jaffray Companies set a $26.00 price target on Oceaneering International and gave the company a “buy” rating in a research note on Sunday, July 30th. Finally, Wolfe Research lowered Oceaneering International from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 6th.
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Shares of Oceaneering International (NYSE OII) traded down 1.07% during trading on Friday, hitting $23.10. The company had a trading volume of 1,035,564 shares. Oceaneering International has a 52 week low of $20.74 and a 52 week high of $32.12. The stock’s market capitalization is $2.27 billion. The firm’s 50 day moving average is $23.72 and its 200-day moving average is $25.75.
Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The company had revenue of $515.04 million during the quarter, compared to analyst estimates of $481.86 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was down 17.7% on a year-over-year basis. Equities research analysts anticipate that Oceaneering International will post ($0.04) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, August 23rd. Oceaneering International’s payout ratio is -206.90%.
Several large investors have recently bought and sold shares of OII. Utah Retirement Systems raised its stake in Oceaneering International by 0.6% in the first quarter. Utah Retirement Systems now owns 17,782 shares of the oil and gas company’s stock valued at $482,000 after buying an additional 100 shares during the last quarter. Monroe Bank & Trust MI raised its stake in Oceaneering International by 0.4% in the first quarter. Monroe Bank & Trust MI now owns 24,616 shares of the oil and gas company’s stock valued at $667,000 after buying an additional 105 shares during the last quarter. State Treasurer State of Michigan raised its stake in Oceaneering International by 0.8% in the first quarter. State Treasurer State of Michigan now owns 39,800 shares of the oil and gas company’s stock valued at $1,078,000 after buying an additional 300 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 300 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Oceaneering International by 3.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,605 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 330 shares during the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.
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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