Oceaneering International, Inc. (NYSE:OII) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Oceaneering International is rated “Hold” overall by five analysts: four recommend holding the stock and one recommends buying it. The average 12-month price target is $45.00.
• The company exceeded quarterly expectations, reporting $0.63 in EPS versus a $0.46 consensus estimate and $768.18 million in revenue, up 10% year over year.
• OII shares opened at $44.27, below the $49.18 50-day moving average, while insiders sold approximately $1.28 million worth of stock during the past quarter.

Shares of Oceaneering International, Inc. (NYSE:OII - Get Free Report) have earned an average rating of "Hold" from the five brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $45.00.

Several equities analysts have recently commented on the company. Barclays increased their price objective on Oceaneering International from $39.00 to $47.00 and gave the company an "equal weight" rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Oceaneering International from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Finally, Citigroup upped their price target on shares of Oceaneering International from $40.00 to $52.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th.

Oceaneering International Trading Down 0.1%

Shares of Oceaneering International stock opened at $44.27 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. Oceaneering International has a 1 year low of $22.02 and a 1 year high of $54.25. The firm has a market cap of $4.41 billion, a PE ratio of 12.72 and a beta of 1.25. The company has a 50 day simple moving average of $49.18 and a two-hundred day simple moving average of $42.18.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.17. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The firm had revenue of $768.18 million for the quarter, compared to analysts' expectations of $735.69 million. During the same quarter last year, the company posted $0.49 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that Oceaneering International will post 2.1 earnings per share for the current fiscal year.

Insider Activity

In other Oceaneering International news, Director M. McEvoy sold 3,000 shares of the firm's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.92, for a total value of $143,760.00. Following the sale, the director owned 134,133 shares of the company's stock, valued at $6,427,653.36. This trade represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Murphy, Jr. sold 10,000 shares of the business's stock in a transaction dated 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 owned 68,916 shares in the company, valued at approximately $3,333,466.92. This represents a 12.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 26,901 shares of company stock valued at $1,277,904. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oceaneering International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OII. Allworth Financial LP raised its stake in shares of Oceaneering International by 63.2% in the second quarter. Allworth Financial LP now owns 1,046 shares of the oil and gas company's stock worth $42,000 after buying an additional 405 shares during the period. State of Wyoming raised its stake in Oceaneering International by 5.8% during the 4th quarter. State of Wyoming now owns 11,299 shares of the oil and gas company's stock worth $272,000 after acquiring an additional 621 shares during the period. Carlson Capital L.P. lifted its holdings in Oceaneering International by 2.5% during the first quarter. Carlson Capital L.P. now owns 32,800 shares of the oil and gas company's stock valued at $1,163,000 after purchasing an additional 800 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Oceaneering International in the second quarter worth approximately $35,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Oceaneering International by 3.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,018 shares of the oil and gas company's stock worth $958,000 after purchasing an additional 885 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

About Oceaneering International

Oceaneering International, Inc is a Houston-based technology and engineering company that provides products and services for subsea, offshore, aerospace and defense, and other industrial markets. Founded in 1969, the company is best known for its work in challenging underwater environments and serves customers involved in energy production, infrastructure, government programs, and industrial operations.

Oceaneering's subsea businesses provide remotely operated vehicles, autonomous underwater technologies, subsea equipment, tooling, umbilicals, connectors, and intervention systems.

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