Benchmark Reiterates “Buy” Rating for Oceaneering International (NYSE:OII)

Benchmark reissued their buy rating on shares of Oceaneering International (NYSE:OII) in a report published on Friday, Benzinga reports. The brokerage currently has a $34.00 price target on the oil and gas company’s stock.

A number of other equities analysts have also weighed in on the company. Citigroup increased their price target on Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Barclays raised their target price on shares of Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st.

Oceaneering International Stock Down 2.1 %

NYSE OII opened at $24.89 on Friday. Oceaneering International has a 12 month low of $18.67 and a 12 month high of $30.45. The company has a market capitalization of $2.53 billion, a P/E ratio of 18.86 and a beta of 2.35. The company’s 50 day simple moving average is $25.23 and its 200 day simple moving average is $24.52. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.42.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.08). The company had revenue of $679.81 million during the quarter, compared to the consensus estimate of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. Oceaneering International’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. Equities research analysts expect that Oceaneering International will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total transaction of $252,711.00. Following the completion of the sale, the director now owns 141,837 shares of the company’s stock, valued at $3,704,782.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director M Kevin Mcevoy sold 9,675 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the completion of the sale, the director now owns 141,837 shares of the company’s stock, valued at approximately $3,704,782.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Karen H. Beachy sold 3,300 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the completion of the transaction, the director now owns 28,229 shares in the company, valued at $647,573.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock valued at $585,413 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oceaneering International

Large investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in Oceaneering International during the second quarter valued at about $38,000. EntryPoint Capital LLC lifted its holdings in Oceaneering International by 105.2% in 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% during the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,034 shares during the period. GAMMA Investing LLC grew its holdings in Oceaneering International by 108.3% during the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 1,412 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Oceaneering International in the first quarter valued at approximately $105,000. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Company Profile

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.