Oceaneering International (OII) Earning Somewhat Favorable News Coverage, Report Finds

Media coverage about Oceaneering International (NYSE:OII) has been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Oceaneering International earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.6785274306994 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several equities analysts have weighed in on OII shares. Royal Bank Of Canada restated a “buy” rating and set a $27.00 target price on shares of Oceaneering International in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Piper Jaffray Companies downgraded shares of Oceaneering International from an “overweight” rating to a “neutral” rating in a report on Friday, October 27th. J P Morgan Chase & Co lowered their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday, September 12th. Finally, Barclays started coverage on shares of Oceaneering International in a report on Friday, October 6th. They set an “equal weight” rating and a $28.00 price target for the company. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. Oceaneering International currently has an average rating of “Hold” and an average target price of $24.84.

Shares of Oceaneering International (OII) opened at $19.27 on Wednesday. Oceaneering International has a twelve month low of $17.11 and a twelve month high of $32.12. The stock has a market cap of $1,965.58, a P/E ratio of 666.67 and a beta of 1.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The company had revenue of $476.12 million during the quarter, compared to analysts’ expectations of $511.14 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Oceaneering International’s revenue for the quarter was down 13.3% compared to the same quarter last year. equities analysts anticipate that Oceaneering International will post -0.09 EPS for the current year.

In related news, Director Paul B. Murphy, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total value of $52,680.00. Following the completion of the sale, the director now directly owns 16,600 shares in the company, valued at $437,244. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

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About Oceaneering International

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

Insider Buying and Selling by Quarter for Oceaneering International (NYSE:OII)

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