Oceaneering International (NYSE:OII) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Oceaneering International, Inc. (NYSE:OII)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 equities analysts have recently weighed in on OII shares. 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 raised their price objective on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Zacks Research lowered Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Citigroup boosted their target price on Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Oceaneering International presently has an average rating of “Hold” and a consensus price target of $36.67.

Oceaneering International Price Performance

The company’s fifty day moving average price is $36.14 and its two-hundred day moving average price is $30.06. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 10.85 and a beta of 1.17.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $692.43 million for the quarter, compared to analyst estimates of $671.35 million. Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, equities research analysts forecast that Oceaneering International, Inc. will post 1.89 EPS for the current fiscal year.

Insider Transactions at Oceaneering International

In other news, Director Karen H. Beachy sold 9,800 shares of the business’s stock in a transaction dated 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 directly owned 22,816 shares in the company, valued at $853,546.56. The trade was a 30.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Benjamin Laura sold 5,106 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $36.88, for a total value of $188,309.28. Following the transaction, the chief operating officer owned 40,805 shares of the company’s stock, valued at approximately $1,504,888.40. The trade was a 11.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 111,689 shares of company stock worth $4,204,360. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lido Advisors LLC boosted its holdings in Oceaneering International by 2.8% during the fourth quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 335 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Oceaneering International by 0.7% in the 4th 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 buying an additional 380 shares during the last quarter. CSM Advisors LLC lifted its position in Oceaneering International by 3.1% during the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after buying an additional 428 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Oceaneering International by 15.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock worth $87,000 after buying an additional 469 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Oceaneering International by 2.9% during the 4th quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock worth $470,000 after buying an additional 545 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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.