GSA Capital Partners LLP Makes New $662,000 Investment in Oceaneering International, Inc. (NYSE:OII)

Key Points

• GSA Capital Partners LLP has acquired a new stake of 30,356 shares in Oceaneering International, Inc. for approximately $662,000, marking significant investor interest in the company.
• Oceaneering reported earnings of $0.49 per share for the last quarter, beating analysts' estimates of $0.42, and showed a year-over-year revenue increase of 4.5%.
• Analysts have mixed views on the stock, with Barclays raising the price target to $22.00 while Wall Street Zen upgraded it from a "hold" to a "buy" rating; the stock has an average target price of $28.25.

GSA Capital Partners LLP bought a new stake in Oceaneering International, Inc. (NYSE:OII - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 30,356 shares of the oil and gas company's stock, valued at approximately $662,000.

A number of other large investors have also added to or reduced their stakes in OII. GAMMA Investing LLC lifted its position in Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 711 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Oceaneering International by 191.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 2,131 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Oceaneering International during the fourth quarter worth about $119,000. Sherbrooke Park Advisers LLC purchased a new stake in Oceaneering International in the fourth quarter valued at approximately $200,000. Finally, Nebula Research & Development LLC acquired a new position in Oceaneering International in the 4th quarter worth approximately $211,000. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen raised Oceaneering International from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays lifted their price target on Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $28.25.

Oceaneering International Price Performance

Shares of NYSE:OII traded down $0.03 during trading on Wednesday, reaching $22.07. The stock had a trading volume of 309,832 shares, compared to its average volume of 882,781. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.67 and a current ratio of 2.00. Oceaneering International, Inc. has a 1-year low of $15.46 and a 1-year high of $30.98. The stock has a market cap of $2.21 billion, a PE ratio of 11.16 and a beta of 1.55. The business has a fifty day moving average price of $21.12 and a 200-day moving average price of $21.05.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.07. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%. The company had revenue of $698.16 million for the quarter, compared to analyst estimates of $676.81 million. During the same quarter last year, the firm posted $0.28 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

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.