Oceaneering International (NYSE:OII) Given New $22.00 Price Target at Barclays

Oceaneering International (NYSE:OII) had its price target reduced by Barclays from $24.00 to $22.00 in a report issued on Thursday, Benzinga reports. Barclays currently has an underweight rating on the oil and gas company’s stock.

Other analysts also recently issued research reports about the stock. Citigroup raised their price objective on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Benchmark reiterated a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th.

Oceaneering International Price Performance

Shares of Oceaneering International stock opened at $24.44 on Thursday. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 18.52 and a beta of 2.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.42 and a current ratio of 1.76. The stock has a 50 day moving average price of $25.11 and a 200-day moving average price of $24.55. Oceaneering International has a one year low of $18.67 and a one year high of $30.45.

Oceaneering International (NYSE:OII) last posted 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 for 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%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. Equities analysts expect that Oceaneering International will post 1.38 EPS for the current year.

Insider Buying and Selling at Oceaneering International

In other news, SVP Earl Childress sold 10,000 shares of Oceaneering International stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the sale, the senior vice president now owns 57,351 shares of the company’s stock, valued at approximately $1,473,920.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Earl Childress sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $25.70, for a total value of $257,000.00. Following the completion of the sale, the senior vice president now directly owns 57,351 shares of the company’s stock, valued at $1,473,920.70. This 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 through the SEC website. Also, Director M Kevin Mcevoy sold 9,675 shares of the 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 transaction, the director now owns 141,837 shares in the company, valued at approximately $3,704,782.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $585,413 in the last three months. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Oceaneering International

A number of hedge funds have recently bought and sold shares of OII. Norden Group LLC bought a new position in shares of Oceaneering International in the 1st quarter worth $233,000. BNP Paribas Financial Markets lifted its position in shares of Oceaneering International by 10.7% during the first quarter. BNP Paribas Financial Markets now owns 160,377 shares of the oil and gas company’s stock valued at $3,753,000 after buying an additional 15,486 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Oceaneering International in the 1st quarter valued at about $144,000. Texas Permanent School Fund Corp grew its position in shares of Oceaneering International by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 88,153 shares of the oil and gas company’s stock worth $2,063,000 after buying an additional 1,141 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Oceaneering International during the 1st quarter worth approximately $2,131,000. Hedge funds and other institutional investors 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.