Loop Capital started coverage on shares of Oceaneering International Inc. (NYSE:OII) in a research report sent to investors on Friday morning, The Fly reports. The brokerage issued a buy rating on the stock.
A number of other equities analysts have also weighed in on the stock. Citigroup Inc. assumed coverage on shares of Oceaneering International in a research report on Tuesday, September 27th. They set a neutral rating and a $27.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Oceaneering International in a report on Wednesday, June 22nd. They issued an underweight rating and a $23.00 price target on the stock. Goldman Sachs Group Inc. reissued a buy rating on shares of Oceaneering International in a report on Tuesday, July 5th. Jefferies Group set a $27.00 price target on shares of Oceaneering International and gave the stock a hold rating in a report on Monday, July 25th. Finally, Zacks Investment Research raised shares of Oceaneering International from a sell rating to a hold rating in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $35.13.
Shares of Oceaneering International (NYSE:OII) opened at 27.98 on Friday. Oceaneering International has a 12-month low of $24.33 and a 12-month high of $48.11. The firm’s 50-day moving average is $26.49 and its 200-day moving average is $30.27. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.20 and a beta of 1.57.
Oceaneering International (NYSE:OII) last issued its earnings results on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $625.50 million for the quarter, compared to the consensus estimate of $604.16 million. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. On average, equities analysts predict that Oceaneering International will post $0.76 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Wednesday, August 24th. Oceaneering International’s dividend payout ratio is 73.47%.
Hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted 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 valued at $116,000 after buying an additional 1,700 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in Oceaneering International during the second quarter valued at $173,000. Pacer Advisors Inc. bought a new stake in Oceaneering International during the second quarter valued at $206,000. GSA Capital Partners LLP boosted 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 valued at $208,000 after buying an additional 698 shares during the period. Finally, Alambic Investment Management L.P. bought a new stake in Oceaneering International during the second quarter valued at $233,000. 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).
Receive News & Ratings for Oceaneering International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.