Oceaneering International (NYSE:OII) Trading 3.5% Higher

Oceaneering International, Inc. (NYSE:OII) shares were up 3.5% on Tuesday . The company traded as high as $24.92 and last traded at $24.86. Approximately 409,149 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 815,746 shares. The stock had previously closed at $24.03.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OII shares. Barclays reissued an “underweight” rating and issued a $21.00 price objective (down from $22.00) on shares of Oceaneering International in a research note on Tuesday, May 14th. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research note on Thursday, April 25th.

Oceaneering International Stock Up 0.3 %

The company has a quick ratio of 1.45, a current ratio of 1.76 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2.36 billion, a PE ratio of 21.89 and a beta of 2.44. The company’s 50 day moving average is $23.41 and its two-hundred day moving average is $21.68.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.16). The firm had revenue of $599.09 million during the quarter, compared to the consensus estimate of $613.58 million. Oceaneering International had a return on equity of 14.82% and a net margin of 4.36%. On average, analysts anticipate that Oceaneering International, Inc. will post 1.4 earnings per share for the current year.

Hedge Funds Weigh In On Oceaneering International

Several institutional investors have recently bought and sold shares of OII. Vanguard Group Inc. increased its position in shares of Oceaneering International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 12,578,957 shares of the oil and gas company’s stock valued at $294,348,000 after purchasing an additional 117,503 shares during the last quarter. Earnest Partners LLC increased its position in Oceaneering International by 9.3% during the first quarter. Earnest Partners LLC now owns 5,259,951 shares of the oil and gas company’s stock valued at $123,083,000 after acquiring an additional 445,419 shares during the last quarter. FMR LLC raised its stake in shares of Oceaneering International by 18.9% in the third quarter. FMR LLC now owns 4,437,560 shares of the oil and gas company’s stock valued at $114,134,000 after acquiring an additional 705,534 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Oceaneering International by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,662,198 shares of the oil and gas company’s stock worth $56,654,000 after acquiring an additional 34,181 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Oceaneering International by 0.5% during the 1st quarter. Van ECK Associates Corp now owns 2,076,502 shares of the oil and gas company’s stock valued at $48,590,000 after purchasing an additional 10,575 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

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.