Oceaneering International, Inc. (NYSE:OII) Stock Has Consensus Price Target of $45.00 According to Brokerages

Shares of Oceaneering International, Inc. (NYSE:OII) have received a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $45.00.

Several equities analysts recently commented on OII shares. Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup lifted their price target on Oceaneering International from $40.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings raised Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Finally, Barclays increased their price objective on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 27th.

Oceaneering International Trading Down 2.9%

NYSE OII opened at $43.67 on Monday. Oceaneering International has a 52 week low of $22.02 and a 52 week high of $54.25. The firm has a 50 day moving average of $48.93 and a two-hundred day moving average of $42.40. 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 stock has a market capitalization of $4.35 billion, a PE ratio of 12.55 and a beta of 1.25.

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

Insider Transactions at Oceaneering International

In other news, CEO Roderick A. Larson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $44.16, for a total transaction of $264,960.00. Following the completion of the sale, the chief executive officer owned 391,279 shares in the company, valued at approximately $17,278,880.64. The trade was a 1.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher J. Dyer sold 1,200 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.65, for a total transaction of $57,180.00. Following the completion of the transaction, the senior vice president owned 14,702 shares of the company’s stock, valued at approximately $700,550.30. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,901 shares of company stock valued at $1,542,864 over the last three months. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oceaneering International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EP Wealth Advisors LLC acquired a new position in Oceaneering International during the second quarter worth approximately $855,000. Great Lakes Advisors LLC purchased a new stake in Oceaneering International in the second quarter valued at approximately $445,000. Bank of America Corp DE acquired a new stake in shares of Oceaneering International in the second quarter valued at approximately $14,783,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Oceaneering International in the second quarter valued at approximately $2,889,000. Finally, Fifth Third Bancorp grew its position in shares of Oceaneering International by 6,782.5% during the first quarter. Fifth Third Bancorp now owns 29,526 shares of the oil and gas company’s stock worth $1,047,000 after acquiring an additional 29,097 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Company Profile

Oceaneering International, Inc is a Houston-based technology and engineering company that provides products and services for subsea, offshore, aerospace and defense, and other industrial markets. Founded in 1969, the company is best known for its work in challenging underwater environments and serves customers involved in energy production, infrastructure, government programs, and industrial operations.

Oceaneering’s subsea businesses provide remotely operated vehicles, autonomous underwater technologies, subsea equipment, tooling, umbilicals, connectors, and intervention systems.