Oceaneering International (NYSE:OII) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Oceaneering International, Inc. (NYSE:OII - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.06 and traded as high as $37.08. Oceaneering International shares last traded at $36.5850, with a volume of 1,156,971 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a report on Sunday, March 1st. TD Cowen increased their price objective on Oceaneering International from $34.00 to $36.00 and gave the company a "hold" rating in a report on Thursday, April 30th. Weiss Ratings raised Oceaneering International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Citigroup increased their price objective on Oceaneering International from $25.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, March 10th. Finally, Zacks Research lowered Oceaneering International from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Oceaneering International currently has a consensus rating of "Hold" and a consensus price target of $34.33.

Oceaneering International Price Performance

The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 10.86 and a beta of 1.17. The stock has a fifty day simple moving average of $36.14 and a 200-day simple moving average of $30.06. The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.05). The business had revenue of $692.43 million during the quarter, compared to analyst estimates of $671.35 million. Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. As a group, equities research analysts expect that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Insider Transactions at Oceaneering International

In other Oceaneering International news, Director Karen H. Beachy sold 9,800 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $366,618.00. Following the sale, the director owned 22,816 shares of the company's stock, valued at $853,546.56. This trade represents a 30.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Christopher J. Dyer sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $38.08, for a total value of $228,480.00. Following the completion of the sale, the senior vice president directly owned 15,902 shares in the company, valued at $605,548.16. This trade represents a 27.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 111,689 shares of company stock worth $4,204,360. Insiders own 1.30% of the company's stock.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OII. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $30,000 after acquiring an additional 1,111 shares during the period. Quarry LP bought a new stake in shares of Oceaneering International in the 3rd quarter worth approximately $30,000. SBI Securities Co. Ltd. lifted its position in shares of Oceaneering International by 255.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 1,000 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Oceaneering International by 47.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company's stock worth $48,000 after acquiring an additional 629 shares during the period. Institutional investors and hedge funds own 93.93% of the company's stock.

About Oceaneering International

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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