Oceaneering International (NYSE:OII) Trading Up 5.9%

Oceaneering International, Inc. (NYSE:OII) traded up 5.9% on Tuesday . The company traded as high as $25.37 and last traded at $25.37. 498,374 shares were traded during mid-day trading, a decline of 39% from the average session volume of 823,299 shares. The stock had previously closed at $23.95.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. Citigroup boosted their price objective on shares of Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Benchmark restated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Thursday, July 25th.

Oceaneering International Trading Up 3.4 %

The business’s 50 day simple moving average is $26.10 and its two-hundred day simple moving average is $24.00. The stock has a market cap of $2.62 billion, a P/E ratio of 24.25 and a beta of 2.35. The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 0.73.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Oceaneering International had a return on equity of 15.78% and a net margin of 4.87%. The company had revenue of $668.81 million for the quarter, compared to the consensus estimate of $656.87 million. During the same period in the previous year, the firm posted $0.18 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts expect that Oceaneering International, Inc. will post 1.42 EPS for the current year.

Insider Buying and Selling

In related news, Director Karen H. Beachy sold 3,300 shares of the business’s stock in a transaction 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 transaction, the director now owns 28,229 shares in the company, valued at $647,573.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director M Kevin Mcevoy sold 9,675 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total value of $252,711.00. Following the sale, the director now owns 141,837 shares in the company, valued at approximately $3,704,782.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $75,702.00. Following the transaction, the director now directly owns 28,229 shares of the company’s stock, valued at $647,573.26. 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 over the last 90 days. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Oceaneering International by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,662,198 shares of the oil and gas company’s stock worth $56,654,000 after purchasing an additional 34,181 shares in the last quarter. Hennessy Advisors Inc. raised its position in shares of Oceaneering International by 18.8% during the 1st quarter. Hennessy Advisors Inc. now owns 1,166,500 shares of the oil and gas company’s stock valued at $27,296,000 after buying an additional 184,300 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new stake in shares of Oceaneering International during the 4th quarter valued at $8,884,000. Empowered Funds LLC purchased a new stake in shares of Oceaneering International during the 1st quarter valued at $2,131,000. Finally, Appian Way Asset Management LP purchased a new stake in shares of Oceaneering International during the 4th quarter valued at $1,620,000. 93.93% of the stock is 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.