Oceaneering International, Inc. (NYSE:OII – Get Rating) Director Karen H. Beachy bought 2,600 shares of the stock in a transaction dated Friday, September 23rd. The shares were acquired at an average price of $7.62 per share, for a total transaction of $19,812.00. Following the completion of the purchase, the director now directly owns 31,892 shares in the company, valued at $243,017.04. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Oceaneering International Stock Down 4.3 %
Oceaneering International stock traded down $0.33 during midday trading on Monday, reaching $7.30. The stock had a trading volume of 1,001,870 shares, compared to its average volume of 1,044,502. Oceaneering International, Inc. has a 12 month low of $7.25 and a 12 month high of $18.20. The firm’s 50-day moving average price is $9.41 and its 200 day moving average price is $11.53. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 1.47.
Oceaneering International (NYSE:OII – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.07). Oceaneering International had a negative net margin of 3.24% and a positive return on equity of 0.91%. The firm had revenue of $524.03 million during the quarter, compared to the consensus estimate of $521.02 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, research analysts predict that Oceaneering International, Inc. will post 0.22 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have recently commented on OII. Cowen lowered their target price on Oceaneering International to $13.00 in a research note on Tuesday, August 9th. Barclays lowered their target price on Oceaneering International from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd.
Institutional Investors Weigh In On Oceaneering International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System grew its holdings in Oceaneering International by 2.2% during the 1st quarter. Maryland State Retirement & Pension System now owns 40,368 shares of the oil and gas company’s stock valued at $612,000 after buying an additional 868 shares in the last quarter. Profund Advisors LLC grew its holdings in Oceaneering International by 3.1% during the 1st quarter. Profund Advisors LLC now owns 36,537 shares of the oil and gas company’s stock valued at $554,000 after buying an additional 1,095 shares in the last quarter. Isthmus Partners LLC grew its holdings in Oceaneering International by 1.8% during the 1st quarter. Isthmus Partners LLC now owns 70,662 shares of the oil and gas company’s stock valued at $1,071,000 after buying an additional 1,232 shares in the last quarter. Eaton Vance Management grew its holdings in Oceaneering International by 4.6% during the 1st quarter. Eaton Vance Management now owns 29,275 shares of the oil and gas company’s stock valued at $444,000 after buying an additional 1,282 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Oceaneering International by 8.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 18,400 shares of the oil and gas company’s stock valued at $197,000 after buying an additional 1,400 shares in the last quarter. 91.67% of the stock is currently owned by institutional investors.
Oceaneering International Company Profile
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.