Oceaneering International (NYSE:OII) Rating Reiterated by Benchmark

Oceaneering International (NYSE:OII - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Benchmark in a research note issued to investors on Friday, Benzinga reports. They currently have a $34.00 target price on the oil and gas company's stock. Benchmark's price objective would indicate a potential upside of 33.65% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Citigroup raised their target price on shares of Oceaneering International from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, July 3rd. Barclays lifted their price objective on Oceaneering International from $21.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 31st.

Oceaneering International Stock Performance

OII stock traded up $0.81 during midday trading on Friday, reaching $25.44. The stock had a trading volume of 1,305,387 shares, compared to its average volume of 823,174. The firm has a fifty day simple moving average of $25.28 and a two-hundred day simple moving average of $24.52. Oceaneering International has a 52-week low of $18.67 and a 52-week high of $30.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.42 and a current ratio of 1.72. The stock has a market cap of $2.58 billion, a PE ratio of 21.02 and a beta of 2.35.

Oceaneering International (NYSE:OII - Get Free Report) last released its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.08). Oceaneering International had a return on equity of 15.78% and a net margin of 4.87%. The firm had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. During the same period last year, the firm earned $0.38 EPS. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Oceaneering International will post 1.38 EPS for the current 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 on Tuesday, August 20th. The shares were sold at an average price of $26.12, for a total value of $252,711.00. Following the completion of the transaction, the director now owns 141,837 shares of the company's stock, valued at approximately $3,704,782.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Earl Childress sold 10,000 shares of the business's stock in a transaction that occurred on 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 owns 57,351 shares of the company's stock, valued at $1,473,920.70. This trade represents 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 worth $585,413 in the last three months. Company insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Oceaneering International

A number of large investors have recently added to or reduced their stakes in the stock. Isthmus Partners LLC lifted its position in shares of Oceaneering International by 0.9% in the second 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 in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Oceaneering International in the 2nd quarter valued at $38,000. EntryPoint Capital LLC boosted its stake in 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 worth $51,000 after purchasing an additional 1,124 shares during the last quarter. CWM LLC grew its holdings in shares of Oceaneering International by 351.9% during the second quarter. CWM LLC now owns 2,612 shares of the oil and gas company's stock worth $62,000 after buying an additional 2,034 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company's stock valued at $68,000 after buying an additional 1,412 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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.