Oceaneering International, Inc. (NYSE:OII):
Oceaneering Announces BP Angola Two-Year Contract Extension.
The company is so far trading down by -5.66% since yesterday’s close of $25.45.
Additionally Oceaneering International, Inc. recently declared a dividend that was paid on Friday September 16th, 2016. The dividend payment was $0.270 per share for the quarter or $1.08 on an annualized basis. This dividend amount represented a yeild of $4.18. The ex-dividend date was set for Wednesday the 24th of August 2016.
Shares of the company are trading at $24.01 which is just under $26.37, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $29.64. The 50 day moving average was down $-2.36 and the 200 day average went down $-5.63 or -19.01%.
Oceaneering International, Inc.’s P/E ratio is 16.48 and the market cap of the company is 2.35B. As of the last earnings report the EPS was $1.46 and is projected to be $0.75 for the current year with 98,060,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.06 and the next full year EPS is projected to be $0.43.
A few brokerages have released opinions on OII of late. On October 18 analysts at Wells Fargo started coverage setting a rating of “Outperform”. Equity analyst Citigroup added the stock to its research portfolio by announcing an initial rating of “Hold” and establishing a price target of $27.00.
July 25 investment analysts at Jefferies left the stock rating at “Hold” but moved down the price target from $31.00 to $27.00. On July 11 Jefferies made no change to the stock rating of “Hold” and lowered the price expectation to $31.00 from $38.00.
On June 29 the company was changed to a “Hold” by Evercore ISI Group down from the previous “” rating. On June 22, 2016 JP Morgan started covering the stock giving it an initial rating of “Underweight” and a price target of $23.00.