Oceaneering International (OII) Shares are Up 9.21%

Oceaneering International (OII) : Traders are bullish on Oceaneering International (OII) as it has outperformed the S&P 500 by a wide margin of 6.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.21% in the last 1 week, and is up 6.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.4% and the 50-Day Moving Average is 2.28%.The 200 Day SMA reached 9.66%


Oceaneering International (NYSE:OII): After opening at $27.6, the stock dipped to an intraday low of $27.23 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.86 and the buying power remained strong till the end. The stock closed at $27.51 for the day, a gain of 1.14% for the day session. The total traded volume was 1,814,343. The stocks close on the previous trading day was $27.51.

Oceaneering International (OII) : The most positive equity analysts on Oceaneering International (OII) expects the shares to touch $46, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $32.77 with an expected fluctuation of $6.19 from the mean.

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.

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