Oceaneering International, Inc. (NYSE:OII) Given Average Rating of "Hold" by Brokerages

Key Points

• Oceaneering International, Inc. has received a consensus rating of "Hold" from six research firms, with one analyst giving a buy rating. The average one-year price target is set at $27.00.
• The company's CFO, Alan R. Curtis, sold 14,840 shares at an average price of $24.36, reflecting an 8.72% decrease in his stake in the company.
• Oceaneering International reported earnings per share of $0.49 in its last quarterly results, surpassing analysts' estimates and demonstrating a year-over-year revenue increase of 4.5%.

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has earned a consensus rating of "Hold" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $27.00.

A number of research analysts have recently commented on OII shares. Citigroup increased their price objective on Oceaneering International from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, September 9th. Weiss Ratings reissued a "hold (c+)" rating on shares of Oceaneering International in a report on Wednesday, October 8th. Barclays increased their price objective on Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, August 10th.

Insider Transactions at Oceaneering International

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total value of $361,502.40. Following the sale, the chief financial officer owned 155,259 shares of the company's stock, valued at $3,782,109.24. This trade represents a 8.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is owned by company insiders.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OII. EverSource Wealth Advisors LLC grew its holdings in Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company's stock valued at $30,000 after buying an additional 1,111 shares during the last quarter. IFP Advisors Inc grew its holdings in Oceaneering International by 11,380.8% in the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company's stock valued at $62,000 after buying an additional 2,959 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Oceaneering International by 33.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company's stock valued at $62,000 after buying an additional 747 shares during the last quarter. GAMMA Investing LLC grew its holdings in Oceaneering International by 29.7% in the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock valued at $68,000 after buying an additional 711 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Oceaneering International during the 2nd quarter worth approximately $92,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Oceaneering International Stock Up 2.4%

OII opened at $23.10 on Monday. Oceaneering International has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The business has a 50-day moving average of $23.84 and a 200-day moving average of $21.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.00 and a quick ratio of 1.67. The company has a market capitalization of $2.31 billion, a PE ratio of 11.67 and a beta of 1.50.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $676.81 million. During the same period last year, the business earned $0.28 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Oceaneering International will post 1.78 EPS for the current fiscal year.

About Oceaneering International

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.

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