Stocks of Oceaneering International Inc. (NYSE:OII) traded higher last session on Wall Street, up 0.23% to $17.49.
OII stock price is now 23.04% away from the 50-day moving average and 47.53% away from the 200-day moving average. The market capitalization of the company currently stands at $1.75B.
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With the price target reduced from $15 to $10, Barclays Downgraded its rating from Overweight to Equal Weight for Oceaneering International Inc. (NYSE: OII). On February 01, 2022, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $17 to quote $21, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, WEBSTER STEVEN A, Director bought 10,731 shares of the company’s stock on Sep 29. The stock was bought for $83,372 at an average price of $7.77. Upon completion of the transaction, the Director now directly owns 134,939 shares in the company, valued at $2.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 29, Sr. V.P., Chief Commercial Ofc Childress Earl bought 10,000 shares of the business’s stock. A total of $79,157 was incurred on buying the stock at an average price of $7.92. This leaves the insider owning 80,485 shares of the company worth $1.41 million. Insiders disposed of 61,937 shares of company stock worth roughly $1.08 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OII stock. A new stake in Oceaneering International Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $8,083,000. TWO SIGMA INVESTMENTS, LP invested $2,837,000 in shares of OII during the first quarter. In the first quarter, HITE HEDGE ASSET MANAGEMENT LLC acquired a new stake in Oceaneering International Inc. valued at approximately $2,064,000. ENGINEERS GATE MANAGER LP acquired a new stake in OII for approximately $1,747,000. MARSHALL WACE, LLP purchased a new stake in OII valued at around $1,734,000 in the second quarter. In total, there are 283 active investors with 92.70% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $17.15 for Oceaneering International Inc. (NYSE: OII). During the past 12 months, Oceaneering International Inc. has had a low of $7.25 and a high of $18.20. As of last week, the company has a debt-to-equity ratio of 1.49, a current ratio of 2.40, and a quick ratio of 2.00. The fifty day moving average price for OII is $14.37 and a two-hundred day moving average price translates $11.87 for the stock.
The latest earnings results from Oceaneering International Inc. (NYSE: OII) was released for Sep, 2022. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.23, beating analysts’ expectations of $0.11 by 0.12. This compares to -$0.07 EPS in the same period last year. The net profit margin was -1.80% and return on equity was -7.40% for OII. The company reported revenue of $559.67 million for the quarter, compared to $466.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.89 percent. For the current quarter, analysts expect OII to generate $558.23M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2017. Investors who held shares on 08/25/2017 were paid a $0.15 dividend.
Oceaneering International Inc.(OII) Company Profile
Oceaneering International, Inc. provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company’s Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair. This segment also offers ROV tooling, and survey services, such as hydrographic survey and positioning services, as well as autonomous underwater vehicles for geoscience. As of December 31, 2021, this segment owned 250 work-class ROVs. Its Manufactured Products segment provides distribution and connection systems, including production control umbilicals and field development hardware, pipeline connection, and repair systems to the energy industry; and autonomous mobile robots and automated guided vehicle technology and entertainment systems to various industries. The company’s Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services and inspection, and maintenance and repair services; installation and workover control systems, and ROV workover control systems; project management and engineering; and drill pipe riser services and systems, and wellhead load relief solutions. Its Integrity Management & Digital Solutions segment provides asset integrity management; software and analytical solutions for the bulk cargo maritime industry; and software, digital, and connectivity solutions for the energy industry. The company’s Aerospace and Defense Technologies segment offers government services and products, including engineering and related manufacturing in defense and space exploration activities to U.S. government agencies and their prime contractors. Oceaneering International, Inc. was founded in 1964 and is headquartered in Houston, Texas.
