Oceaneering International (NYSE:OII) : The consensus on Oceaneering International (NYSE:OII) based on 16 analyst recommendation on the company stock is 2.56, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Oceaneering International (NYSE:OII) : Average target price received by Oceaneering International (NYSE:OII) is $34.7 with an expected standard deviation of $7.37. The most aggressive target on the stock is $52, whereas the most downbeat target is $23. 15 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, JP Morgan initiates coverage on Oceaneering International (NYSE:OII). In the latest research report, JP Morgan announces the target price to $23 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. The rating by the firm was issued on June 22, 2016.
Oceaneering International (NYSE:OII): On Tuesdays trading session , Opening price of the stock was $29.32 with an intraday high of $29.47. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.36. However, the stock managed to close at $28.62, a loss of 0.10% for the day. On the previous day, the stock had closed at $28.65. The total traded volume of the day was 2,469,705 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged that Collins T Jay, director of Oceaneering International Inc, had unloaded 20,000 shares at an average price of $33.05 in a transaction dated on May 31, 2016. The total value of the transaction was worth $661,000.
Oceaneering International, Inc. is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Companys business segments are contained within two businesses, such as services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). The Companys four business segments within the Oil and Gas business includes Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Company also provides remote asset management software services. The Company provides services and products, such as 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 Companys foreign operations are principally focused in the North Sea, Africa, Brazil, Australia and Asia.