Oceaneering International, Inc. (OII) Receives New Coverage from Analysts at Deutsche Bank AG

Deutsche Bank AG started coverage on shares of Oceaneering International, Inc. (NYSE:OII) in a research report released on Tuesday. The firm issued a hold rating and a $28.00 price target on the oil and gas company’s stock.

Other equities analysts also recently issued research reports about the company. Cowen and Company reiterated a hold rating and issued a $25.00 price objective on shares of Oceaneering International in a report on Tuesday, July 11th. Zacks Investment Research downgraded Oceaneering International from a hold rating to a sell rating in a report on Wednesday, July 5th. Scotiabank set a $37.00 price objective on Oceaneering International and gave the stock a buy rating in a report on Tuesday, June 13th. Piper Jaffray Companies set a $26.00 price objective on Oceaneering International and gave the stock a buy rating in a report on Sunday, July 30th. Finally, BidaskClub downgraded Oceaneering International from a hold rating to a sell rating in a report on Monday, August 14th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $28.75.

Oceaneering International (NYSE:OII) traded up 0.16% during mid-day trading on Tuesday, hitting $25.36. 203,655 shares of the stock traded hands. The firm’s market capitalization is $2.49 billion. The company has a 50-day moving average of $24.83 and a 200 day moving average of $24.91. Oceaneering International has a 1-year low of $20.74 and a 1-year high of $32.12.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts anticipate that Oceaneering International will post ($0.04) EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Oceaneering International, Inc. (OII) Receives New Coverage from Analysts at Deutsche Bank AG” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/oceaneering-international-inc-oii-receives-new-coverage-from-analysts-at-deutsche-bank-ag.html.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 2.37%. Oceaneering International’s payout ratio is presently -206.90%.

In other news, VP W Cardon Gerner sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $25.76, for a total transaction of $51,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in Oceaneering International by 8.0% in the 1st quarter. Wells Fargo & Company MN now owns 135,205 shares of the oil and gas company’s stock worth $3,661,000 after buying an additional 10,022 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Oceaneering International by 28.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 86,674 shares of the oil and gas company’s stock worth $2,347,000 after buying an additional 18,974 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Oceaneering International by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock worth $212,000 after buying an additional 560 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Oceaneering International by 34.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 25,933 shares of the oil and gas company’s stock worth $701,000 after buying an additional 6,576 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Oceaneering International by 187.9% in the 1st quarter. SG Americas Securities LLC now owns 29,549 shares of the oil and gas company’s stock worth $800,000 after buying an

Other equities analysts also recently issued research reports about the company. Cowen and Company reiterated a hold rating and issued a $25.00 price objective on shares of Oceaneering International in a report on Tuesday, July 11th. Zacks Investment Research downgraded Oceaneering International from a hold rating to a sell rating in a report on Wednesday, July 5th. Scotiabank set a $37.00 price objective on Oceaneering International and gave the stock a buy rating in a report on Tuesday, June 13th. Piper Jaffray Companies set a $26.00 price objective on Oceaneering International and gave the stock a buy rating in a report on Sunday, July 30th. Finally, BidaskClub downgraded Oceaneering International from a hold rating to a sell rating in a report on Monday, August 14th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $28.75.

Oceaneering International (NYSE:OII) traded up 0.16% during mid-day trading on Tuesday, hitting $25.36. 203,655 shares of the stock traded hands. The firm’s market capitalization is $2.49 billion. The company has a 50-day moving average of $24.83 and a 200 day moving average of $24.91. Oceaneering International has a 1-year low of $20.74 and a 1-year high of $32.12.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts anticipate that Oceaneering International will post ($0.04) EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Oceaneering International, Inc. (OII) Receives New Coverage from Analysts at Deutsche Bank AG” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/oceaneering-international-inc-oii-receives-new-coverage-from-analysts-at-deutsche-bank-ag.html.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 2.37%. Oceaneering International’s payout ratio is presently -206.90%.

In other news, VP W Cardon Gerner sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $25.76, for a total transaction of $51,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in Oceaneering International by 8.0% in the 1st quarter. Wells Fargo & Company MN now owns 135,205 shares of the oil and gas company’s stock worth $3,661,000 after buying an additional 10,022 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Oceaneering International by 28.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 86,674 shares of the oil and gas company’s stock worth $2,347,000 after buying an additional 18,974 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Oceaneering International by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock worth $212,000 after buying an additional 560 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Oceaneering International by 34.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 25,933 shares of the oil and gas company’s stock worth $701,000 after buying an additional 6,576 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Oceaneering International by 187.9% in the 1st quarter. SG Americas Securities LLC now owns 29,549 shares of the oil and gas company’s stock worth $800,000 after buying an additional 19,287 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Oceaneering International

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

Analyst Recommendations for Oceaneering International (NYSE:OII)

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