Somewhat Positive Press Coverage Somewhat Unlikely to Impact Oceaneering International (NYSE:OII) Stock Price

News headlines about Oceaneering International (NYSE:OII) have trended somewhat positive on Thursday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oceaneering International earned a news impact score of 0.22 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.7622058180762 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

NYSE:OII traded up $0.62 during trading hours on Thursday, reaching $18.54. 979,439 shares of the company were exchanged, compared to its average volume of 1,382,986. The company has a market capitalization of $1,848.10, a P/E ratio of 11.04 and a beta of 1.46. Oceaneering International has a 1-year low of $17.11 and a 1-year high of $28.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.72 and a quick ratio of 2.23.

How to Become a New Pot Stock Millionaire

Oceaneering International (NYSE:OII) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.02. The firm had revenue of $484.20 million for the quarter, compared to the consensus estimate of $435.90 million. Oceaneering International had a negative return on equity of 0.49% and a net margin of 8.66%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. sell-side analysts anticipate that Oceaneering International will post -0.65 EPS for the current fiscal year.

OII has been the topic of a number of recent research reports. Royal Bank of Canada set a $22.00 target price on Oceaneering International and gave the stock a “buy” rating in a research note on Thursday, December 21st. Jefferies Group upgraded Oceaneering International from an “underperform” rating to a “hold” rating and increased their target price for the stock from $18.82 to $19.00 in a research note on Wednesday, March 14th. Cowen set a $27.00 target price on Oceaneering International and gave the stock a “hold” rating in a research note on Thursday, January 11th. ValuEngine lowered Oceaneering International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Wells Fargo reiterated an “outperform” rating and set a $17.00 target price (down previously from $18.00) on shares of Oceaneering International in a research note on Monday, February 26th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $21.97.

WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Impact Oceaneering International (NYSE:OII) Stock Price” was reported by BBNS and is the property of of BBNS. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://baseballnewssource.com/2018/03/29/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-oceaneering-international-oii-share-price/1971573.html.

Oceaneering International Company Profile

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

Insider Buying and Selling by Quarter for Oceaneering International (NYSE:OII)

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.