Oceaneering International, Inc. (NYSE:OII):
Jon Erik Reinhardsen Joins Board of Directors.
The company is so far trading down since yesterday’s close of $25.45.
Oceaneering International, Inc. announced a dividend paid on Friday the 16th of September 2016. The dividend payment was $0.270 per share for the quarter or $1.08 annualized. This dividend amount was represent a yeild of $4.18. The ex-dividend date was set for Wednesday the 24th of August 2016.
Shares last traded at $24.01 a tad below $26.37, the 50 day moving average and which is just under the 200 day moving average of $29.64. The 50 day moving average went down by -8.96% and the 200 day average was down $-5.63.
Oceaneering International, Inc.’s P/E ratio is 16.48 and the market value is 2.35B. As of the last earnings report the EPS was $1.46 and is expected to be $0.75 for the current year with 98,060,000 shares outstanding. Next quarter’s EPS is estimated at $0.06 and the next full year EPS is projected to be $0.43.
Brokerage analysts have weighed in on the company. Equity analyst Wells Fargo starting coverage on OII by announcing an initial rating of “Outperform”. On September 27, 2016 Citigroup released its first research report on the stock with an initial rating of “Hold” and establishing a price target of $27.00.
On July 25 Jefferies left the stock rating at “Hold” but moved down the price target to $27.00 from $31.00. July 11 investment analysts at Jefferies made no change to the stock rating of “Hold” and moved down the price target from $38.00 to $31.00.
On June 29 the company was downgraded to “Hold” from “” in an announcement from Evercore ISI Group. JP Morgan initiated coverage setting a rating of “Underweight” and projecting a price target of $23.00.