Stock analysts at Wells Fargo & Co. began coverage on shares of Oceaneering International Inc. (NYSE:OII) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “market perform” rating on the stock.
A number of other research analysts also recently commented on the stock. Loop Capital assumed coverage on shares of Oceaneering International in a research note on Friday, September 30th. They set a “buy” rating on the stock. Citigroup Inc. assumed coverage on shares of Oceaneering International in a report on Tuesday, September 27th. They set a “neutral” rating and a $27.00 target price on the stock. RBC Capital Markets set a $28.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a report on Thursday, September 15th. Royal Bank Of Canada dropped their target price on shares of Oceaneering International from $32.00 to $28.00 and set a “sector perform” rating on the stock in a report on Thursday, September 15th. Finally, Seaport Global Securities reissued an “accumulate” rating on shares of Oceaneering International in a report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.97.
Shares of Oceaneering International (NYSE:OII) opened at 26.86 on Tuesday. The stock has a market cap of $2.63 billion, a P/E ratio of 18.44 and a beta of 1.57. The company’s 50-day moving average is $26.39 and its 200-day moving average is $29.95. Oceaneering International has a 12-month low of $24.33 and a 12-month high of $47.45.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Oceaneering International had a net margin of 5.31% and a return on equity of 11.41%. The company had revenue of $625.50 million for the quarter, compared to the consensus estimate of $604.16 million. On average, analysts expect that Oceaneering International will post $0.76 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of 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 last quarter. Creative Planning boosted its position in shares of Oceaneering International by 328.9% in the third quarter. Creative Planning now owns 6,189 shares of the company’s stock valued at $170,000 after buying an additional 4,746 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of Oceaneering International during the second quarter valued at approximately $173,000. Pacer Advisors Inc. purchased a new position in shares of Oceaneering International during the second quarter valued at approximately $206,000. Finally, GSA Capital Partners LLP boosted its position in shares of 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 last quarter. Institutional investors own 97.91% 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).