The stock of Oceaneering International (NYSE:OII) is a huge mover today! About 701,294 shares traded hands. Oceaneering International (NYSE:OII) has declined 4.55% since March 2, 2016 and is downtrending. It has underperformed by 12.81% the S&P500.
The move comes after 8 months positive chart setup for the $2.72B company. It was reported on Oct, 5 by Barchart.com. We have $35.83 PT which if reached, will make NYSE:OII worth $761.60 million more.
Analysts await Oceaneering International (NYSE:OII) to report earnings on October, 26. They expect $0.19 earnings per share, down 72.86% or $0.51 from last year’s $0.7 per share. OII’s profit will be $18.46M for 36.83 P/E if the $0.19 EPS becomes a reality. After $0.27 actual earnings per share reported by Oceaneering International for the previous quarter, Wall Street now forecasts -29.63% negative EPS growth.
Oceaneering International (NYSE:OII) Ratings Coverage
Out of 15 analysts covering Oceaneering International (NYSE:OII), 5 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 33% are positive. Oceaneering International has been the topic of 26 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, November 30 by Guggenheim. The company was downgraded on Wednesday, June 29 by Evercore. The firm has “Sector Perform” rating by Howard Weil given on Monday, December 14. Gabelli initiated the shares of OII in a report on Friday, October 16 with “Hold” rating. The firm has “Hold” rating by Jefferies given on Monday, July 11. The firm has “Neutral” rating given on Tuesday, September 27 by Citigroup. On Tuesday, July 28 the stock rating was upgraded by Global Hunter Securities to “Buy”. The rating was initiated by JP Morgan on Wednesday, June 22 with “Underweight”. The stock of Oceaneering International (NYSE:OII) has “Equal-Weight” rating given on Tuesday, April 19 by Morgan Stanley. Jefferies upgraded the stock to “Hold” rating in Thursday, July 23 report.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.33, from 1.29 in 2016Q1. The ratio turned negative, as 51 funds sold all Oceaneering International shares owned while 107 reduced positions. 43 funds bought stakes while 109 increased positions. They now own 94.03 million shares or 5.13% less from 99.12 million shares in 2016Q1.
Brown Advisory Inc has invested 0% of its portfolio in Oceaneering International (NYSE:OII). Highbridge Mgmt Ltd Liability Company accumulated 0.09% or 182,188 shares. Amer Century Companies accumulated 46,642 shares or 0% of the stock. Capstone Asset Mngmt holds 117,572 shares or 0.11% of its portfolio. Cap Fund Mgmt holds 0.01% or 17,977 shares in its portfolio. Wealthtrust has 0% invested in the company for 153 shares. Bluemountain Cap Mgmt Limited Co holds 0.01% or 11,755 shares in its portfolio. Susquehanna Int Llp holds 75,900 shares or 0% of its portfolio. The Connecticut-based Ellington Grp Limited Company has invested 0.45% in Oceaneering International (NYSE:OII). State Street has 0.01% invested in the company for 3.00M shares. Virginia Retirement Systems Et Al has 32,100 shares for 0.01% of their US portfolio. Kennedy Capital holds 0.05% of its portfolio in Oceaneering International (NYSE:OII) for 78,706 shares. Smith Asset Lp has 1,690 shares for 0% of their US portfolio. Bright Rock Limited Liability Corp, a Massachusetts-based fund reported 165,900 shares. Sei Investments has 37,135 shares for 0.01% of their US portfolio.
Insider Transactions: Since May 10, 2016, the stock had 1 insider buy, and 1 insider sale for $628,035 net activity. COLLINS T JAY sold $660,840 worth of Oceaneering International (NYSE:OII) on Tuesday, May 31. The insider BARRETT STEPHEN P bought $32,805.
More news for Oceaneering International (NYSE:OII) were recently published by: Fool.com, which released: “Oceaneering International Earnings Stay Afloat Despite a Challenging Offshore …” on July 22, 2016. Prnewswire.com‘s article titled: “Oceaneering to Present at the Johnson Rice Energy Conference” and published on September 15, 2016 is yet another important article.
OII Company Profile
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.
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