Oceaneering International, Inc. (NYSE:OII) Receives $45.00 Average PT from Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have earned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $45.00.

A number of research firms have recently weighed in on OII. Weiss Ratings downgraded Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Barclays boosted their target price on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Citigroup upped their price target on Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, TD Cowen lifted their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th.

Insiders Place Their Bets

In related news, Director Paul B. Murphy, Jr. sold 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $48.37, for a total transaction of $483,700.00. Following the completion of the sale, the director directly owned 68,916 shares of the company’s stock, valued at approximately $3,333,466.92. This represents a 12.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Earl Childress sold 12,701 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $46.71, for a total transaction of $593,263.71. Following the sale, the senior vice president owned 22,876 shares in the company, valued at $1,068,537.96. This trade represents a 35.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,901 shares of company stock valued at $1,277,904 in the last three months. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Oceaneering International

Several large investors have recently made changes to their positions in the stock. Lido Advisors LLC increased its stake in shares of Oceaneering International by 2.8% in the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock valued at $299,000 after acquiring an additional 335 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Oceaneering International by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock valued at $1,307,000 after acquiring an additional 380 shares during the period. CSM Advisors LLC grew its stake in Oceaneering International by 3.1% in the third quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock valued at $359,000 after acquiring an additional 428 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Oceaneering International by 2.9% during the fourth quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 545 shares in the last quarter. Finally, State of Wyoming increased its holdings in shares of Oceaneering International by 5.8% during the fourth quarter. State of Wyoming now owns 11,299 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 621 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 2.1%

Shares of NYSE:OII opened at $52.95 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. The firm has a market cap of $5.27 billion, a P/E ratio of 15.22 and a beta of 1.15. Oceaneering International has a 12 month low of $22.02 and a 12 month high of $54.25. The company’s 50-day moving average price is $43.73 and its two-hundred day moving average price is $38.75.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The company had revenue of $768.18 million during the quarter, compared to the consensus estimate of $735.69 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts forecast that Oceaneering International will post 2.1 EPS for the current fiscal year.

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.