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

Key Points

• Oceaneering International has received an average analysts' consensus rating of "Hold", with one buy rating and four hold ratings from the five analysts covering the stock.
• The average twelve-month price target for Oceaneering International stands at $28.25, indicating potential growth from its current trading price.
• Insider trading revealed that CFO Alan R. Curtis sold 14,840 shares at an average price of $24.36, reducing his ownership stake by 8.72% in the company.

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has received a consensus rating of "Hold" from the five research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $28.25.

Several brokerages have recently issued reports on OII. Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Barclays boosted their price objective 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.

Insiders Place Their Bets

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the business's stock in a transaction 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 transaction, the chief financial officer owned 155,259 shares of the company's stock, valued at approximately $3,782,109.24. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oceaneering International

Several hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Oceaneering International by 335.6% in the second 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 period. IFP Advisors Inc lifted its stake in Oceaneering International by 11,380.8% in the second 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 period. Smartleaf Asset Management LLC lifted its stake in Oceaneering International by 33.2% in the second 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 period. GAMMA Investing LLC lifted its stake in Oceaneering International by 29.7% in the first 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 period. Finally, Tower Research Capital LLC TRC lifted its stake in 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 valued at $85,000 after buying an additional 2,131 shares during the period. Institutional investors own 93.93% of the company's stock.

Oceaneering International Stock Down 0.8%

Shares of Oceaneering International stock traded down $0.19 during trading on Friday, hitting $24.41. 483,970 shares of the stock traded hands, compared to its average volume of 652,487. The stock has a market cap of $2.45 billion, a P/E ratio of 14.79 and a beta of 1.64. 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 has a twelve month low of $15.46 and a twelve month high of $30.98. The company has a fifty day moving average price of $21.95 and a two-hundred day moving average price of $20.67.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $698.16 million during the quarter, compared to analyst estimates of $676.81 million. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%.The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. Equities research analysts predict that Oceaneering International will post 1.78 EPS 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.