Oceaneering International (NYSE:OII) Rating Reiterated by Benchmark

Oceaneering International (NYSE:OII)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a report issued on Friday, Benzinga reports. They currently have a $34.00 price target on the oil and gas company’s stock. Benchmark’s price target would suggest a potential upside of 36.00% from the company’s previous close.

A number of other brokerages also recently issued reports on OII. Citigroup raised their price target on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Barclays upped their price target on Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st.

Oceaneering International Stock Performance

NYSE:OII traded up $0.37 during mid-day trading on Friday, hitting $25.00. The company’s stock had a trading volume of 65,022 shares, compared to its average volume of 817,182. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 20.57 and a beta of 2.35. The business’s fifty day moving average is $25.31 and its two-hundred day moving average is $24.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.72 and a quick ratio of 1.42. Oceaneering International has a 1 year low of $18.67 and a 1 year high of $30.45.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). The firm had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a return on equity of 15.78% and a net margin of 4.87%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. Analysts anticipate that Oceaneering International will post 1.38 EPS for the current fiscal year.

Insider Activity

In related news, Director Karen H. Beachy sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the sale, the director now directly owns 28,229 shares of the company’s stock, valued at approximately $647,573.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the completion of the sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Earl Childress sold 10,000 shares of Oceaneering International stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $25.70, for a total value of $257,000.00. Following the completion of the transaction, the senior vice president now owns 57,351 shares of the company’s stock, valued at $1,473,920.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock worth $585,413 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new stake in Oceaneering International during the second quarter worth approximately $38,000. EntryPoint Capital LLC lifted its position in shares of Oceaneering International by 105.2% during the 1st quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 1,124 shares during the last quarter. CWM LLC boosted its position in Oceaneering International by 351.9% in the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 2,034 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Oceaneering International by 108.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 1,412 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Oceaneering International during the 1st quarter worth about $105,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.