Oceaneering International (NYSE:OII) Trading 5.9% Higher

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

Analyst Ratings Changes

OII has been the subject of a number of research analyst reports. Barclays increased 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. Benchmark reiterated a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a research note on Thursday, July 25th. Finally, Citigroup upped their price target on shares of Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd.

Oceaneering International Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2.59 billion, a PE ratio of 24.06 and a beta of 2.35. The firm has a 50 day moving average price of $26.05 and a 200-day moving average price of $23.95.

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

Insider Activity at Oceaneering International

In other Oceaneering International news, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total transaction of $252,711.00. Following the completion of the transaction, 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 accessible through this link. In other Oceaneering International news, Director M Kevin Mcevoy sold 9,675 shares of the company’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 sale, the director now owns 141,837 shares in the company, valued at approximately $3,704,782.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Karen H. Beachy sold 3,300 shares of Oceaneering International 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 sold 22,975 shares of company stock worth $585,413 over the last three months. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Isthmus Partners LLC grew its position in shares of Oceaneering International by 0.9% during the 2nd quarter. Isthmus Partners LLC now owns 111,125 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 968 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Oceaneering International in the second quarter valued at approximately $38,000. Neo Ivy Capital Management acquired a new position in shares of Oceaneering International during the 4th quarter worth approximately $44,000. Pineridge Advisors LLC purchased a new position in shares of Oceaneering International during the 4th quarter valued at approximately $44,000. Finally, 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 valued at $51,000 after buying an additional 1,124 shares in the last quarter. 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.