Royal Bank of Canada set a $20.00 price target on Oceaneering International (NYSE:OII) in a research note issued to investors on Friday, TipRanks reports. The firm currently has a buy rating on the oil and gas company’s stock.
A number of other equities analysts have also recently weighed in on the company. Citigroup reiterated a buy rating and set a $25.00 price target on shares of Propetro in a report on Tuesday, July 2nd. Seaport Global Securities upgraded Oceaneering International from a neutral rating to a buy rating and set a $23.00 price target for the company in a report on Tuesday, May 7th. Cowen set a $150.00 price target on Tesla and gave the stock a sell rating in a report on Friday, May 3rd. Barclays reiterated a buy rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Finally, ValuEngine cut Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $20.64.
NYSE:OII traded down $0.98 during trading hours on Friday, hitting $15.10. The company had a trading volume of 9,049 shares, compared to its average volume of 1,265,917. The company has a current ratio of 2.43, a quick ratio of 2.03 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $18.61. The firm has a market capitalization of $1.59 billion, a P/E ratio of -21.78 and a beta of 2.18. Oceaneering International has a 1 year low of $10.74 and a 1 year high of $28.62.
Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, July 24th. The oil and gas company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.07). The company had revenue of $495.78 million during the quarter, compared to analysts’ expectations of $524.97 million. Oceaneering International had a negative net margin of 9.49% and a negative return on equity of 4.38%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) earnings per share. On average, equities analysts expect that Oceaneering International will post -0.72 earnings per share for the current year.
In other Oceaneering International news, CAO Witland J. Jr. Leblanc sold 2,879 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $19.02, for a total value of $54,758.58. Following the sale, the chief accounting officer now owns 15,092 shares of the company’s stock, valued at approximately $287,049.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new stake in Oceaneering International in the 1st quarter valued at about $44,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Oceaneering International during the 4th quarter worth about $81,000. Manchester Capital Management LLC acquired a new stake in shares of Oceaneering International during the 1st quarter worth about $163,000. HRT Financial LLC acquired a new stake in shares of Oceaneering International during the 4th quarter worth about $169,000. Finally, Bbva Compass Bancshares Inc. raised its position in shares of Oceaneering International by 16.3% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 11,685 shares of the oil and gas company’s stock worth $184,000 after acquiring an additional 1,636 shares in the last quarter. 96.96% of the stock is currently owned by institutional investors.
About Oceaneering International
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to 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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