Oceaneering International (OII) – Analysts’ Recent Ratings Changes

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A number of research firms have changed their ratings and price targets for Oceaneering International (NYSE: OII):

  • 10/30/2018 – Oceaneering International had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 10/29/2018 – Oceaneering International had its price target lowered by analysts at Barclays PLC from $20.00 to $18.00. They now have a “hold” rating on the stock.
  • 10/26/2018 – Oceaneering International was given a new $29.00 price target on by analysts at Societe Generale. They now have a “buy” rating on the stock.
  • 10/26/2018 – Oceaneering International was given a new $27.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 10/16/2018 – Oceaneering International was given a new $24.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/13/2018 – Oceaneering International is now covered by analysts at Cowen Inc. They set a “hold” rating and a $27.00 price target on the stock.
  • 10/12/2018 – Oceaneering International was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock.

Shares of Oceaneering International stock traded up $0.68 during trading on Wednesday, hitting $19.54. The stock had a trading volume of 20,054 shares, compared to its average volume of 973,707. The company has a market cap of $1.85 billion, a P/E ratio of -279.14 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.50 and a quick ratio of 2.17. Oceaneering International has a 1 year low of $17.41 and a 1 year high of $28.62.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, October 24th. The oil and gas company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.02. The business had revenue of $519.30 million for the quarter, compared to the consensus estimate of $492.15 million. Oceaneering International had a net margin of 1.34% and a negative return on equity of 5.33%. On average, analysts expect that Oceaneering International will post -1.1 EPS for the current fiscal year.

In other news, Director T Jay Collins sold 16,750 shares of Oceaneering International stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $26.50, for a total value of $443,875.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in OII. BlackRock Inc. lifted its stake in Oceaneering International by 31.3% in the second quarter. BlackRock Inc. now owns 11,198,680 shares of the oil and gas company’s stock valued at $285,118,000 after acquiring an additional 2,667,334 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Oceaneering International by 95.0% in the third quarter. Fisher Asset Management LLC now owns 3,046,161 shares of the oil and gas company’s stock valued at $84,074,000 after acquiring an additional 1,484,094 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Oceaneering International by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,654,076 shares of the oil and gas company’s stock valued at $194,872,000 after acquiring an additional 735,367 shares during the last quarter. Northern Trust Corp lifted its stake in Oceaneering International by 82.3% in the second quarter. Northern Trust Corp now owns 1,557,801 shares of the oil and gas company’s stock valued at $39,661,000 after acquiring an additional 703,347 shares during the last quarter. Finally, Granite Investment Partners LLC acquired a new stake in Oceaneering International in the second quarter valued at approximately $15,856,000.

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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