The stock of Oceaneering International Inc. (NYSE:OII) last traded at $21.99, up 2.14% from the previous session.
Data from the available sources indicates that Oceaneering International Inc. (NYSE:OII) is covered by 7 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $17.00, we find $22.00. Given the previous closing price of $21.53, this indicates a potential upside of 2.18 percent. OII stock price is now 27.31% away from the 50-day moving average and 35.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.96B.
In total, 4 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $21.71 as their price target over the next twelve months.
With the price target of $25, The Benchmark Company recently initiated with Buy rating for Oceaneering International Inc. (NYSE: OII).
In other news, GOODWIN DEANNA L, Director sold 48,303 shares of the company’s stock on May 15. The stock was sold for $800,526 at an average price of $16.57. Upon completion of the transaction, the Director now directly owns 19,899 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 30, SVP, Chief Commercial Ofc. Childress Earl sold 9,251 shares of the business’s stock. A total of $161,874 was realized by selling the stock at an average price of $17.50. This leaves the insider owning 79,391 shares of the company worth $1.75 million. Insiders disposed of 136,423 shares of company stock worth roughly $3.0 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 BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. during the first quarter worth $14,510,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $8,653,000 in shares of OII during the first quarter. In the first quarter, AGF MANAGEMENT LTD acquired a new stake in Oceaneering International Inc. valued at approximately $8,246,000. GREAT LAKES ADVISORS, LLC acquired a new stake in OII for approximately $6,208,000. PUTNAM INVESTMENTS LLC purchased a new stake in OII valued at around $4,724,000 in the second quarter. In total, there are 305 active investors with 92.70% ownership of the company’s stock.
With an opening price of $21.56 on Monday morning, Oceaneering International Inc. (NYSE: OII) set off the trading day. During the past 12 months, Oceaneering International Inc. has had a low of $7.25 and a high of $22.26. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 2.30, and a quick ratio of 1.90. The fifty day moving average price for OII is $17.38 and a two-hundred day moving average price translates $16.33 for the stock.
The latest earnings results from Oceaneering International Inc. (NYSE: OII) was released for Mar, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.05, missing analysts’ expectations of $0.08 by -0.03. This compares to -$0.19 EPS in the same period last year. The net profit margin was 2.30% and return on equity was 9.90% for OII. The company reported revenue of $536.99 million for the quarter, compared to $446.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.36 percent. For the current quarter, analysts expect OII to generate $601.64M 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 and 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. 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 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; diving services; 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.
