Oceaneering International, Inc. (NYSE:OII) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst consensus: Oceaneering has an average rating of Hold from five analysts (four holds, one buy) with a 12‑month average price target of $33.67.
• Quarterly results: The company reported $0.45 EPS (beat $0.44) but revenue of $668.6M missed $678.2M and fell 6.3% year‑over‑year; sell‑side forecasts ~1.78 EPS for the fiscal year.
• Insider and institutional activity: Insiders sold 111,689 shares (≈$4.2M) in the last 90 days leaving insider ownership at 1.3%, while institutional investors hold about 93.9% of the stock.

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has received an average rating of "Hold" from the five ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $33.6667.

A number of research firms have recently weighed in on OII. Zacks Research lowered Oceaneering International from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. Weiss Ratings upgraded Oceaneering International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. TD Cowen lifted their price target on Oceaneering International from $28.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, March 3rd. Citigroup lifted their price target on Oceaneering International from $25.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, March 10th. Finally, Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, March 1st.

Oceaneering International Stock Up 0.2%

OII stock opened at $36.28 on Monday. Oceaneering International has a twelve month low of $16.00 and a twelve month high of $39.00. The company has a quick ratio of 1.72, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The stock's 50 day moving average is $34.81 and its 200-day moving average is $28.46. The firm has a market capitalization of $3.62 billion, a PE ratio of 10.37 and a beta of 1.18.

Oceaneering International (NYSE:OII - Get Free Report) last posted its earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. Oceaneering International had a return on equity of 21.58% and a net margin of 12.71%.The company had revenue of $668.57 million for the quarter, compared to analyst estimates of $678.16 million. During the same quarter last year, the company earned $0.37 earnings per share. The company's revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that Oceaneering International will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling at Oceaneering International

In related news, Director Karen H. Beachy sold 9,800 shares of Oceaneering International stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $366,618.00. Following the sale, the director directly owned 22,816 shares in the company, valued at approximately $853,546.56. This trade represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Benjamin Laura sold 5,106 shares of Oceaneering International stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $36.88, for a total value of $188,309.28. Following the sale, the chief operating officer owned 40,805 shares in the company, valued at $1,504,888.40. This trade represents a 11.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,689 shares of company stock valued at $4,204,360 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of Oceaneering International

A number of hedge funds have recently bought and sold shares of OII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Oceaneering International by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,154 shares of the oil and gas company's stock worth $1,312,000 after acquiring an additional 2,633 shares during the period. Empowered Funds LLC raised its stake in shares of Oceaneering International by 1.9% in the first quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company's stock valued at $2,634,000 after buying an additional 2,310 shares during the period. Strs Ohio bought a new stake in shares of Oceaneering International in the first quarter valued at $168,000. Norges Bank bought a new stake in shares of Oceaneering International in the second quarter valued at $1,485,000. Finally, Invesco Ltd. raised its stake in shares of Oceaneering International by 8.0% in the second quarter. Invesco Ltd. now owns 650,188 shares of the oil and gas company's stock valued at $13,472,000 after buying an additional 48,382 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.

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