Wall Street Zen downgraded shares of Oceaneering International (NYSE:OII – Free Report) from a buy rating to a hold rating in a research report report published on Sunday.
Other equities research analysts have also issued research reports about the stock. Weiss Ratings raised shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. TD Cowen upped their target price on shares of Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 3rd. Barclays increased their price target on shares of Oceaneering International from $23.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.00.
Check Out Our Latest Stock Analysis on OII
Oceaneering International Price Performance
Oceaneering International (NYSE:OII – Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Oceaneering International had a return on equity of 21.58% and a net margin of 12.71%.The company had revenue of $668.57 million during the quarter, compared to analysts’ expectations of $678.16 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. Oceaneering International’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts predict that Oceaneering International will post 1.78 earnings per share for the current year.
Insider Activity
In other Oceaneering International news, Director Karen H. Beachy sold 9,800 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $366,618.00. Following the sale, the director directly owned 22,816 shares of the company’s stock, valued at $853,546.56. This trade represents a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Benjamin Laura sold 5,106 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $36.88, for a total value of $188,309.28. Following the completion of the transaction, the chief operating officer owned 40,805 shares in the company, valued at $1,504,888.40. The trade was a 11.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 140,844 shares of company stock worth $4,972,594. 2.10% of the stock is currently owned by insiders.
Institutional Trading of Oceaneering International
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC purchased a new stake in Oceaneering International during the 3rd quarter valued at approximately $967,000. Essex Investment Management Co. LLC boosted its position in shares of Oceaneering International by 58.7% during the third quarter. Essex Investment Management Co. LLC now owns 159,261 shares of the oil and gas company’s stock worth $3,946,000 after acquiring an additional 58,925 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Oceaneering International by 1,377.0% during the third quarter. SG Americas Securities LLC now owns 156,547 shares of the oil and gas company’s stock worth $3,879,000 after acquiring an additional 145,948 shares during the last quarter. CenterBook Partners LP purchased a new position in Oceaneering International during the third quarter valued at $409,000. Finally, Greenhouse Funds LLLP increased its holdings in Oceaneering International by 9.9% in the 2nd quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock valued at $51,630,000 after acquiring an additional 223,724 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.
Oceaneering International News Roundup
Here are the key news stories impacting Oceaneering International this week:
- Positive Sentiment: Momentum/technical — OII recently reached a 52‑week high, which can attract momentum traders and institutional interest. Article Title
- Positive Sentiment: Analyst support — several outlets have upgraded or raised outlooks recently and MarketBeat shows a consensus near “Moderate Buy,” giving the stock some fundamental/coverage support. Article Title
- Neutral Sentiment: Mixed quarterly results — Q4 EPS of $0.45 slightly beat consensus ($0.44) but revenue (~$668.6M) missed estimates and declined year‑over‑year, signaling profitability resilience but softer top‑line momentum. Article Title
- Negative Sentiment: Large, concentrated insider selling — multiple senior executives (COO, SVPs) and a director sold sizable blocks on Feb. 25–26 (collectively ~111.7k shares, roughly $4.2M in proceeds), cutting several insiders’ holdings by 20–42%; that typically creates investor concern and near‑term selling pressure. Article Title
- Negative Sentiment: SEC Form 4 confirmations — the sales were reported via Form 4 filings (open‑market transactions, not private block transfers), removing ambiguity about motive and amplifying market reaction. Example filing: COO Benjamin Laura. SEC Form 4
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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