Oceaneering International (NYSE:OII) Share Price Passes Above 200 Day Moving Average of $21.81

Oceaneering International, Inc. (NYSE:OII) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.81 and traded as high as $23.28. Oceaneering International shares last traded at $22.97, with a volume of 593,962 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OII. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, April 6th. Barclays lowered their price target on shares of Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, February 29th.

Oceaneering International Stock Performance

The company has a market capitalization of $2.33 billion, a PE ratio of 24.18 and a beta of 2.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.78. The business’s 50-day moving average is $22.18 and its 200-day moving average is $21.81.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $654.60 million for the quarter, compared to the consensus estimate of $624.81 million. Oceaneering International had a net margin of 4.02% and a return on equity of 14.00%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.54 earnings per share for the current year.

Institutional Trading of Oceaneering International

Large investors have recently made changes to their positions in the stock. Chilton Capital Management LLC bought a new stake in shares of Oceaneering International in the first quarter worth approximately $35,000. Neo Ivy Capital Management bought a new stake in shares of Oceaneering International in the fourth quarter worth approximately $44,000. Pineridge Advisors LLC bought a new stake in shares of Oceaneering International in the fourth quarter worth approximately $44,000. Coppell Advisory Solutions LLC bought a new stake in shares of Oceaneering International in the second quarter worth approximately $45,000. Finally, Point72 Hong Kong Ltd boosted its holdings in shares of Oceaneering International by 250.1% in the second quarter. Point72 Hong Kong Ltd now owns 2,804 shares of the oil and gas company’s stock worth $30,000 after buying an additional 2,003 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.