The stock of Oceaneering International (NYSE:OII) is a huge mover today! About 805,284 shares traded hands. Oceaneering International (NYSE:OII) has declined 28.05% since April 13, 2016 and is downtrending. It has underperformed by 31.97% the S&P500.
The move comes after 8 months positive chart setup for the $2.56B company. It was reported on Nov, 15 by Barchart.com. We have $41.15 PT which if reached, will make NYSE:OII worth $1.64B more.
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. Guggenheim upgraded Oceaneering International (NYSE:OII) on Monday, November 30 to “Buy” rating. The firm earned “Market Perform” rating on Tuesday, October 18 by Wells Fargo. The stock of Oceaneering International (NYSE:OII) has “Hold” rating given on Wednesday, June 29 by Evercore. Cowen & Co maintained Oceaneering International (NYSE:OII) rating on Friday, July 24. Cowen & Co has “Outperform” rating and $56 price target. The firm earned “Market Perform” rating on Monday, May 2 by Cowen & Co. The rating was upgraded by Societe Generale to “Buy” on Friday, April 29. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Friday, May 20 report. As per Friday, October 30, the company rating was downgraded by Cowen & Co. The stock has “Market Perform” rating given by Cowen & Co on Friday, February 12. As per Thursday, July 23, the company rating was upgraded by Jefferies.
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 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.
Ftb Advsr has 0% invested in the company for 412 shares. Barclays Public Limited Co accumulated 0% or 8,958 shares. Madison Holdings owns 283,395 shares or 0.18% of their US portfolio. Cadence Capital Limited Com holds 64,957 shares or 0.15% of its portfolio. Art Ltd Com, a New York-based fund reported 170,768 shares. Gsa Capital Prtnrs Llp reported 6,966 shares or 0.01% of all its holdings. Federated Investors Pa has 55,260 shares for 0% of their US portfolio. Hbk Invests Ltd Partnership reported 64,810 shares or 0.02% of all its holdings. Bancorp Of Montreal Can has 146,871 shares for 0.01% of their US portfolio. Sprucegrove Investment Mngmt Limited holds 0.93% of its portfolio in Oceaneering International (NYSE:OII) for 754,100 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems reported 18,874 shares or 0.01% of all its holdings. Weaver C Barksdale And Assoc owns 379 shares or 0.02% of their US portfolio. Kayne Anderson Rudnick Investment Ltd, a California-based fund reported 48,570 shares. Bluemountain Management Ltd Liability has 11,755 shares for 0.01% of their US portfolio. Boys Arnold And holds 0.04% of its portfolio in Oceaneering International (NYSE:OII) for 8,000 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 2 insider sales for $743,965 net activity. Shares for $660,840 were sold by COLLINS T JAY. KREIDER JOHN R sold $83,125 worth of stock or 3,501 shares.
More notable recent Oceaneering International (NYSE:OII) news were published by: Fool.com which released: “Oceaneering International Inc.’s Financial Results Continue to Sink” on October 28, 2016, also Fool.com with their article: “Oceaneering International’s Stock Slid 12% in October After Tough Earnings Report” published on November 08, 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: “Oceaneering Completes Acquisition of Blue Ocean Technologies, Expanding Subsea …” published on October 17, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Oceaneering International sets regular quarterly dividend of $0.15pe…” with publication date: October 28, 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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