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

Key Points

• Oceaneering International has received a consensus rating of "Hold" from five brokerage firms, with one firm issuing a buy rating and others providing hold ratings.
• Barclays and Citigroup recently adjusted their target prices for Oceaneering, raising them to $22.00 and $25.00 respectively, while Wall Street Zen downgraded their rating from buy to hold.
• The company's latest earnings report showed a profit of $0.49 per share, exceeding analyst estimates, with a revenue increase of 4.5% year-over-year.

Shares of Oceaneering International, Inc. (NYSE:OII - Get Free Report) have received a consensus rating of "Hold" from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $27.00.

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Citigroup raised their target price on shares of Oceaneering International from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, September 9th.

Oceaneering International Trading Down 0.6%

Shares of OII opened at $25.20 on Thursday. The company has a 50 day simple moving average of $23.14 and a two-hundred day simple moving average of $20.94. Oceaneering International has a 1 year low of $15.46 and a 1 year high of $30.98. 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 firm has a market cap of $2.53 billion, a P/E ratio of 12.73 and a beta of 1.64.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results 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 net margin of 7.31% and a return on equity of 22.09%. The firm had revenue of $698.16 million during the quarter, compared to analyst estimates of $676.81 million. During the same period last year, the firm posted $0.28 earnings per share. Oceaneering International's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Oceaneering International

In related news, CFO Alan R. Curtis sold 14,840 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total value of $361,502.40. Following the completion of the transaction, the chief financial officer directly owned 155,259 shares of the company's stock, valued at approximately $3,782,109.24. This trade represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OII. Brown Advisory Inc. boosted its stake in Oceaneering International by 27.6% during the first quarter. Brown Advisory Inc. now owns 6,545,919 shares of the oil and gas company's stock worth $142,767,000 after buying an additional 1,416,251 shares during the period. Balyasny Asset Management L.P. boosted its stake in Oceaneering International by 916.6% during the second quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company's stock worth $28,219,000 after buying an additional 1,227,950 shares during the period. Nuveen LLC purchased a new position in Oceaneering International during the first quarter worth $11,993,000. Boston Trust Walden Corp purchased a new position in Oceaneering International during the second quarter worth $10,901,000. Finally, American Century Companies Inc. boosted its stake in Oceaneering International by 9.6% during the first quarter. American Century Companies Inc. now owns 3,113,578 shares of the oil and gas company's stock worth $67,907,000 after buying an additional 271,868 shares during the period. 93.93% of the stock is owned by hedge funds and other 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.

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