Analysts Set Oceaneering International, Inc. (NYSE:OII) PT at $27.00

Oceaneering International, Inc. (NYSE:OII) has received an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.00.

A number of equities analysts have issued reports on the company. Barclays increased their price target on Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Citigroup upped their target price on Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Wall Street Zen lowered Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Oceaneering International in a research report on Wednesday, October 8th.

Insider Buying and Selling at Oceaneering International

In other news, CFO Alan R. Curtis sold 14,840 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $24.36, for a total transaction of $361,502.40. Following the transaction, the chief financial officer directly owned 155,259 shares of the company’s stock, valued at $3,782,109.24. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Oceaneering International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in Oceaneering International in the 3rd quarter valued at $26,000. EverSource Wealth Advisors LLC increased its position in shares of Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares during the last quarter. IFP Advisors Inc increased its position in shares of Oceaneering International by 11,380.8% during the 2nd quarter. IFP Advisors Inc now owns 2,985 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,959 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Oceaneering International by 33.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 747 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 711 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Price Performance

Oceaneering International stock opened at $24.75 on Monday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 12.50 and a beta of 1.50. Oceaneering International has a 52-week low of $15.46 and a 52-week high of $30.98. The stock’s 50 day moving average price is $23.96 and its two-hundred day moving average price is $21.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.67 and a current ratio of 2.00.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. The firm had revenue of $742.90 million for the quarter, compared to analysts’ expectations of $709.48 million. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. On average, equities analysts predict that Oceaneering International will post 1.78 earnings per share for the current year.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.