Notable Mover: What’s in Oceaneering International After Today’s Big Decline?

Notable Mover: What's in Oceaneering International After Today's Big Decline?

The stock of Oceaneering International (NYSE:OII) is a huge mover today! The stock decreased 2.15% or $0.5 during the last trading session, hitting $22.75. About 2.37 million shares traded hands or 42.77% up from the average. Oceaneering International (NYSE:OII) has declined 24.68% since April 6, 2016 and is downtrending. It has underperformed by 26.64% the S&P500.
The move comes after 7 months negative chart setup for the $2.24 billion company. It was reported on Nov, 8 by Barchart.com. We have $21.16 PT which if reached, will make NYSE:OII worth $156.80M less.

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 company was initiated on Tuesday, October 18 by Wells Fargo. The firm has “Hold” rating by Evercore given on Wednesday, June 29. On Thursday, September 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Friday, February 12 by Cowen & Co. As per Friday, May 20, the company rating was upgraded by RBC Capital Markets. As per Friday, October 16, the company rating was initiated by Gabelli. Jefferies upgraded the shares of OII in a report on Thursday, July 23 to “Hold” rating. The firm earned “Buy” rating on Friday, March 11 by Goldman Sachs. On Tuesday, July 28 the stock rating was upgraded by Global Hunter Securities to “Buy”. The stock has “Neutral” rating given by Citigroup on Tuesday, September 27.

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.
Franklin Resource has 375,520 shares for 0.01% of their US portfolio. Fmr Limited Liability Company has 14.60M shares for 0.06% of their US portfolio. State Of New Jersey Common Pension Fund D accumulated 0% or 21,000 shares. Comerica Commercial Bank holds 0.02% or 74,067 shares in its portfolio. Citigroup Inc has 0.01% invested in the company for 173,111 shares. Architects last reported 244 shares in the company. Btim Corporation has 798,506 shares for 0.41% of their US portfolio. Texan Capital Mgmt, a Texas-based fund reported 10,706 shares. Brown Advisory holds 0% or 20,526 shares in its portfolio. Qcm Cayman Limited holds 0.2% of its portfolio in Oceaneering International (NYSE:OII) for 15,328 shares. Madison Inv Hldg reported 283,395 shares or 0.18% of all its holdings. Creative Planning has invested 0% of its portfolio in Oceaneering International (NYSE:OII). Moreover, Stevens Capital Mgmt L P has 0.02% invested in Oceaneering International (NYSE:OII) for 15,415 shares. Retirement System Of Alabama last reported 0.06% of its portfolio in the stock. Gillespie Robinson And Grimm Inc accumulated 9,825 shares or 0.05% of the stock.

Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 1 sale for $660,840 net activity. BARRETT STEPHEN P bought $32,805 worth of Oceaneering International (NYSE:OII) on Tuesday, May 10. $660,840 worth of Oceaneering International (NYSE:OII) shares were sold by COLLINS T JAY.

More notable recent Oceaneering International (NYSE:OII) news were published by: Fool.com which released: “Oceaneering International’s Stock Slid 12% in October After Tough Earnings Report” on November 08, 2016, also Fool.com with their article: “Oceaneering International Inc.’s Financial Results Continue to Sink” published on October 28, 2016, Nasdaq.com published: “What Falling Estimates & Price Mean for Oceaneering International (OII)” on November 04, 2016. More interesting news about Oceaneering International (NYSE:OII) were released by: Prnewswire.com and their article: “Jon Erik Reinhardsen Joins Board of Directors” published on October 26, 2016 as well as Nasdaq.com‘s news article titled: “Commit To Purchase Oceaneering International At $22.50, Earn 10.7% Annualized …” with publication date: October 13, 2016.

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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