Seaport Global Securities reiterated their neutral rating on shares of Oceaneering International, Inc. (NYSE:OII) in a research report sent to investors on Thursday.
Other equities research analysts have also recently issued reports about the company. Cowen and Company reissued a hold rating and issued a $25.00 price objective on shares of Oceaneering International in a research report on Tuesday, July 11th. Zacks Investment Research cut Oceaneering International from a hold rating to a sell rating in a research report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a hold rating and issued a $25.00 target price on shares of Oceaneering International in a research report on Tuesday, April 11th. Scotiabank reaffirmed a buy rating and issued a $37.00 target price on shares of Oceaneering International in a research report on Wednesday, March 22nd. Finally, Wolfe Research cut Oceaneering International from a market perform rating to an underperform rating in a research report on Tuesday, June 6th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $28.44.
Shares of Oceaneering International (NYSE:OII) opened at 24.45 on Thursday. The firm’s 50-day moving average is $23.60 and its 200 day moving average is $26.06. The company’s market cap is $2.40 billion. Oceaneering International has a 1-year low of $20.74 and a 1-year high of $32.12.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.06. Oceaneering International had a positive return on equity of 2.72% and a negative net margin of 0.38%. The company had revenue of $446.18 million during the quarter, compared to analysts’ expectations of $459.57 million. During the same period in the prior year, the business earned $0.26 earnings per share. Oceaneering International’s revenue for the quarter was down 26.7% compared to the same quarter last year. Equities analysts expect that Oceaneering International will post ($0.11) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OII. Westpac Banking Corp bought a new position in Oceaneering International during the first quarter valued at about $144,000. Ladenburg Thalmann Financial Services Inc. raised its position in Oceaneering International by 101.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,731 shares of the oil and gas company’s stock valued at $157,000 after buying an additional 2,880 shares in the last quarter. LS Investment Advisors LLC raised its position in Oceaneering International by 18.4% in the second quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after buying an additional 1,188 shares in the last quarter. Teacher Retirement System of Texas raised its position in Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 300 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Oceaneering International by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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