Oceaneering International Inc. (NYSE:OII) has been assigned an average rating of “Hold” from the twenty-five analysts that are presently covering the company. One analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.47.
Several research analysts have weighed in on OII shares. JPMorgan Chase & Co. started coverage on shares of Oceaneering International in a research report on Wednesday, June 22nd. They set an “underweight” rating and a $23.00 target price on the stock. Evercore ISI lowered shares of Oceaneering International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $36.00 to $28.00 in a research report on Wednesday, June 29th. Zacks Investment Research lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Oceaneering International in a research report on Tuesday, July 5th. Finally, Jefferies Group restated a “hold” rating and set a $31.00 target price (up from $29.00) on shares of Oceaneering International in a research report on Monday, July 11th.
Several institutional investors have recently modified their holdings of the stock. Zebra Capital Management LLC acquired a new position in shares of Oceaneering International during the first quarter worth approximately $769,000. OMERS ADMINISTRATION Corp increased its position in shares of Oceaneering International by 79.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 50,400 shares of the company’s stock worth $1,675,000 after buying an additional 22,300 shares in the last quarter. Credit Agricole S A increased its position in shares of Oceaneering International by 110.4% in the first quarter. Credit Agricole S A now owns 49,349 shares of the company’s stock worth $1,641,000 after buying an additional 25,896 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Oceaneering International during the first quarter worth approximately $283,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Oceaneering International during the first quarter worth approximately $1,546,000. 97.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oceaneering International (NYSE:OII) opened at 27.51 on Wednesday. Oceaneering International has a 52-week low of $24.33 and a 52-week high of $48.11. The stock’s 50 day moving average is $26.60 and its 200 day moving average is $30.41. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 18.88 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 the consensus estimate of $0.28 by $0.01. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. The company had revenue of $625.50 million for the quarter, compared to analyst estimates of $604.16 million. On average, equities analysts expect that Oceaneering International will post $0.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, August 24th. Oceaneering International’s dividend payout ratio is presently 73.47%.
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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