Oceaneering International (NYSE:OII) PT Set at $15.00 by Cowen

Cowen set a $15.00 target price on Oceaneering International (NYSE:OIIGet Rating) in a research note published on Monday morning, Stock Target Advisor reports.

A number of other equities research analysts also recently commented on the company. StockNews.com downgraded Oceaneering International from a buy rating to a hold rating in a research report on Wednesday, May 4th. Piper Sandler boosted their target price on Oceaneering International from $22.50 to $25.00 and gave the stock an overweight rating in a research report on Monday, April 18th.

NYSE OII opened at $8.83 on Monday. The firm has a market cap of $885.24 million, a price-to-earnings ratio of -14.97 and a beta of 2.99. The company has a quick ratio of 2.11, a current ratio of 2.46 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average price of $11.94 and a 200-day moving average price of $13.21. Oceaneering International has a twelve month low of $8.56 and a twelve month high of $18.20.

Oceaneering International (NYSE:OIIGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The oil and gas company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The firm had revenue of $446.16 million during the quarter, compared to analyst estimates of $416.05 million. Oceaneering International had a positive return on equity of 1.42% and a negative net margin of 3.15%. During the same quarter in the prior year, the company posted $0.03 earnings per share. Research analysts expect that Oceaneering International will post 0.47 EPS for the current fiscal year.

In other news, Director Steven A. Webster bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The shares were bought at an average cost of $8.72 per share, for a total transaction of $218,000.00. Following the completion of the transaction, the director now owns 99,208 shares of the company’s stock, valued at $865,093.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.01% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC raised its position in Oceaneering International by 82.1% during the fourth quarter. Squarepoint Ops LLC now owns 140,068 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 63,143 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Oceaneering International by 1.1% during the third quarter. BNP Paribas Arbitrage SA now owns 321,738 shares of the oil and gas company’s stock valued at $4,286,000 after buying an additional 3,394 shares during the last quarter. Citigroup Inc. grew its stake in shares of Oceaneering International by 12.0% during the fourth quarter. Citigroup Inc. now owns 94,443 shares of the oil and gas company’s stock valued at $1,068,000 after buying an additional 10,146 shares during the last quarter. Yousif Capital Management LLC bought a new position in shares of Oceaneering International during the fourth quarter valued at approximately $1,042,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Oceaneering International by 35.0% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,905 shares of the oil and gas company’s stock valued at $449,000 after buying an additional 9,576 shares during the last quarter. Institutional investors and hedge funds own 87.15% of the company’s stock.

Oceaneering International Company Profile (Get Rating)

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.

Further Reading

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.