Oceaneering International (NYSE:OII) Sets New 1-Year High – Time to Buy?

Oceaneering International, Inc. (NYSE:OII) reached a new 52-week high during trading on Monday . The company traded as high as $30.56 and last traded at $30.56, with a volume of 1040 shares trading hands. The stock had previously closed at $30.03.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OII. Benchmark reiterated a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Barclays dropped their price target on shares of Oceaneering International from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Thursday, October 31st.

Oceaneering International Trading Down 0.5 %

The stock has a market cap of $3.02 billion, a PE ratio of 22.96 and a beta of 2.35. The business’s fifty day moving average is $25.94 and its 200 day moving average is $25.04. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68.

Oceaneering International (NYSE:OII) last released its quarterly earnings data 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). The company had revenue of $679.81 million for the quarter, compared to analysts’ expectations of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. As a group, analysts predict that Oceaneering International, Inc. will post 1.39 earnings per share for the current year.

Insider Buying and Selling

In other Oceaneering International news, Director Karen H. Beachy sold 3,300 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the sale, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. This represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Trading of Oceaneering International

Several institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of Oceaneering International during the second quarter valued at approximately $38,000. Farther Finance Advisors LLC lifted its stake in shares of Oceaneering International by 3,594.3% during the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 1,905 shares during the period. EntryPoint Capital LLC lifted its stake in shares of Oceaneering International by 105.2% during the first 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 during the period. Millburn Ridgefield Corp purchased a new position in shares of Oceaneering International during the third quarter valued at approximately $57,000. Finally, CWM LLC lifted its stake 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 valued at $62,000 after buying an additional 2,034 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Company Profile

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.