November 29, 2016 - By Peter Erickson · 0 Comments
Oceaneering International Inc (NYSE:OII) institutional sentiment decreased to 0.9 in Q2 2016. Its down -0.06, from 0.96 in 2016Q1. The ratio dropped, as 152 hedge funds started new or increased positions, while 158 decreased and sold stock positions in Oceaneering International Inc. The hedge funds in our partner’s database reported: 94.03 million shares, down from 99.12 million shares in 2016Q1. Also, the number of hedge funds holding Oceaneering International Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 51 Reduced: 107 Increased: 109 New Position: 43.
Oceaneering International, Inc. is an oilfield well-known provider of engineered services and products to the offshore gas and oil industry, with a focus on deep water applications. The company has a market cap of $2.46 billion. The Company’s business divisions include services and products provided to the gas and oil industry , and all other services and products (Advanced Technologies). It has a 39.35 P/E ratio. The Company’s four business divisions within the Oil and Gas business includes Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity.
The stock decreased 2.17% or $0.56 during the last trading session, hitting $25.25. Oceaneering International (NYSE:OII) has declined 22.33% since April 26, 2016 and is downtrending. It has underperformed by 27.59% the S&P500.
Analysts await Oceaneering International (NYSE:OII) to report earnings on February, 8. They expect $0.02 EPS, down 96.55% or $0.56 from last year’s $0.58 per share. OII’s profit will be $1.95M for 315.63 P/E if the $0.02 EPS becomes a reality. After $0.17 actual EPS reported by Oceaneering International for the previous quarter, Wall Street now forecasts -88.24% negative EPS growth.
According to Zacks Investment Research, “OCEANEERING INTERNATIONAL, INC. is an advanced applied technology company that provides engineered services and hardware to customers who operate in marine, space and other harsh environments. The company supplies a comprehensive range of integrated technical services to a wide array of industries and is one of the world’s largest underwater services contractors.”
Villere St Denis J & Co Llc holds 3.12% of its portfolio in Oceaneering International for 1.73 million shares. Euclidean Technologies Management Llc owns 66,128 shares or 2.12% of their US portfolio. Moreover, Majedie Asset Management Ltd has 1.87% invested in the company for 380,250 shares. The Massachusetts-based Bright Rock Capital Management Llc has invested 1.6% in the stock. Btg Pactual Global Asset Management Ltd, a Bermuda-based fund reported 46,736 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $83,125 net activity.
Ratings analysis reveals 31% of Oceaneering International’s analysts are positive. Out of 16 Wall Street analysts rating Oceaneering International, 5 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $23 while the high is $69. The stock’s average target of $41.42 is 64.04% above today’s ($25.25) share price. OII was included in 27 notes of analysts from July 23, 2015. The company was maintained on Monday, May 2 by Cowen & Co. Howard Weil downgraded the stock to “Sector Perform” rating in Monday, December 14 report. On Monday, November 30 the stock rating was upgraded by Guggenheim to “Buy”. Cowen & Co maintained Oceaneering International (NYSE:OII) rating on Friday, July 24. Cowen & Co has “Outperform” rating and $56 price target. Jefferies upgraded Oceaneering International (NYSE:OII) rating on Thursday, July 23. Jefferies has “Hold” rating and $38 price target. The rating was initiated by Citigroup with “Neutral” on Tuesday, September 27. The stock of Oceaneering International (NYSE:OII) has “Market Perform” rating given on Friday, October 30 by Cowen & Co. As per Wednesday, June 22, the company rating was initiated by JP Morgan. RBC Capital Markets upgraded the shares of OII in a report on Friday, May 20 to “Sector Perform” rating. The company was maintained on Tuesday, April 19 by Morgan Stanley.
Oceaneering International, Inc., incorporated on June 20, 1969, is an oilfield well-known provider of engineered services and products to the offshore gas and oil industry, with a focus on deep water applications. The Company’s business divisions include services and products provided to the gas and oil industry (Oilfield), and all other services and products (Advanced Technologies). The Company’s four business divisions within the Oil and Gas business are Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Firm also provides remote asset management software services. The services and products provide to the gas and oil industry include remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, and asset integrity and non-destructive testing services. The Company’s foreign activities are principally focused in the North Sea, Africa, Brazil, Australia and Asia.
More notable recent Oceaneering International (NYSE:OII) news were published by: Forbes.com which released: “Oceaneering International (OII) Shares Enter Oversold Territory” on October 28, 2016, also Fool.com with their article: “Oceaneering International Inc.’s Financial Results Continue to Sink” published on October 28, 2016, Forbes.com published: “Ex-Dividend Reminder: Cabot, Schweitzer-Mauduit International and Oceaneering …” on November 18, 2016. More interesting news about Oceaneering International (NYSE:OII) were released by: Prnewswire.com and their article: “Oceaneering to Participate at the Jefferies Energy Conference” published on November 22, 2016 as well as Fool.com‘s news article titled: “Oceaneering International’s Stock Slid 12% in October After Tough Earnings Report” with publication date: November 08, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Peter Erickson