The stock of Oceaneering International (NYSE:OII) is a huge mover today! About 663,973 shares traded hands. Oceaneering International (NYSE:OII) has declined 16.12% since March 16, 2016 and is downtrending. It has underperformed by 21.66% the S&P500.
The move comes after 6 months positive chart setup for the $2.68B company. It was reported on Oct, 19 by Barchart.com. We have $46.30 PT which if reached, will make NYSE:OII worth $1.82B more.
Analysts await Oceaneering International (NYSE:OII) to report earnings on October, 26. They expect $0.19 EPS, down 72.86% or $0.51 from last year’s $0.7 per share. OII’s profit will be $18.48 million for 36.26 P/E if the $0.19 EPS becomes a reality. After $0.27 actual EPS 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 16 analysts covering Oceaneering International (NYSE:OII), 5 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 31% are positive. Oceaneering International has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was initiated by JP Morgan on Wednesday, June 22 with “Underweight”. The rating was downgraded by Howard Weil to “Sector Perform” on Monday, December 14. The company was initiated on Friday, October 16 by Gabelli. As per Friday, February 12, the company rating was maintained by Cowen & Co. The stock of Oceaneering International (NYSE:OII) earned “Buy” rating by Societe Generale on Friday, April 29. As per Thursday, September 15, the company rating was maintained by RBC Capital Markets. The company was initiated on Tuesday, October 18 by Wells Fargo. The firm earned “Hold” rating on Monday, July 11 by Jefferies. The rating was upgraded by Guggenheim to “Buy” on Monday, November 30. The rating was maintained by Credit Suisse with “Neutral” on Friday, September 4.
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 2016 Q2. Its down 0.33, from 1.29 in 2016Q1. The ratio worsened, 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.
Herndon Capital Management Lc holds 1.48% of its portfolio in Oceaneering International (NYSE:OII) for 1.30 million shares. Gemmer Asset Ltd Company accumulated 244 shares or 0% of the stock. Aviva Public Limited Company last reported 0.01% of its portfolio in the stock. Fiera Corporation accumulated 55,000 shares or 0.01% of the stock. Stifel Financial, a Missouri-based fund reported 25,047 shares. Dekabank Deutsche Girozentrale, a Germany-based fund reported 2,500 shares. Numeric Invsts Limited Liability Corporation last reported 36,900 shares in the company. Raymond James Assoc holds 0.01% or 64,061 shares in its portfolio. Oregon Employees Retirement Fund reported 44,281 shares or 0.03% of all its holdings. New York State Teachers Retirement Systems has 192,141 shares for 0.02% of their US portfolio. Cadence Capital Mngmt Ltd Co has 64,957 shares for 0.15% of their US portfolio. Ls Invest Advsr Ltd Liability Co accumulated 5,844 shares or 0.01% of the stock. Bokf Na reported 40,615 shares or 0.04% of all its holdings. Scout Invs, a Missouri-based fund reported 330,474 shares. Archford Cap Strategies Limited Liability Company last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 10, 2016, the stock had 1 insider buy, and 1 insider sale for $628,035 net activity. 1,000 shares with value of $32,805 were bought by BARRETT STEPHEN P on Tuesday, May 10. $660,840 worth of Oceaneering International (NYSE:OII) was sold by COLLINS T JAY.
More news for Oceaneering International (NYSE:OII) were recently published by: Nasdaq.com, which released: “Commit To Purchase Oceaneering International At $22.50, Earn 10.7% Annualized …” on October 13, 2016. Prnewswire.com‘s article titled: “Oceaneering Announces Third Quarter 2016 Earnings Release and Conference Call …” and published on October 06, 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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