Several other research analysts have also weighed in on OII. Credit Suisse Group AG reissued a hold rating and set a $27.00 price objective on shares of Oceaneering International in a report on Thursday, June 2nd. JPMorgan Chase & Co. initiated coverage on shares of Oceaneering International in a report on Wednesday, June 22nd. They issued an underweight rating and a $23.00 price target for the company. Evercore ISI lowered shares of Oceaneering International from a buy rating to a hold rating and decreased their price target for the company from $36.00 to $28.00 in a report on Wednesday, June 29th. Zacks Investment Research lowered shares of Oceaneering International from a hold rating to a sell rating in a report on Tuesday, July 5th. Finally, Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Oceaneering International in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $35.13.
Oceaneering International (NYSE:OII) opened at 27.20 on Tuesday. Oceaneering International has a 1-year low of $24.33 and a 1-year high of $48.11. The firm has a 50-day moving average of $26.63 and a 200 day moving average of $30.44. The firm has a market cap of $2.67 billion, a P/E ratio of 18.67 and a beta of 1.63.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $625.50 million for the quarter, compared to analyst estimates of $604.16 million. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. On average, analysts predict that Oceaneering International will post $0.76 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.97%. Oceaneering International’s dividend payout ratio is currently 73.47%.
Several large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in Oceaneering International by 77.3% in the second quarter. Acrospire Investment Management LLC now owns 3,900 shares of the company’s stock worth $116,000 after buying an additional 1,700 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in Oceaneering International during the second quarter worth about $173,000. LPL Financial LLC purchased a new stake in Oceaneering International during the first quarter worth about $205,000. Pacer Advisors Inc. purchased a new stake in Oceaneering International during the second quarter worth about $206,000. Finally, GSA Capital Partners LLP raised its stake in Oceaneering International by 11.1% in the second quarter. GSA Capital Partners LLP now owns 6,966 shares of the company’s stock worth $208,000 after buying an additional 698 shares in the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).
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