Oceaneering International, Inc. (NYSE:OII):
Oceaneering Completes Acquisition of Blue Ocean Technologies, Expanding Subsea Services into Riserless Light Well Intervention.
The company is trading down from yesterday’s close of $25.45.
The company recently declared a dividend that was paid on Friday September 16th, 2016. The dividend payment was $0.270 per share for the quarter which is $1.08 annualized. This dividend amount represented a yeild of $4.18. The ex-dividend date was set for Wednesday the 24th of August 2016.
The stock last traded at $24.01 which is marginally lower than $26.37, the 50 day moving average and marginally under the 200 day moving average of $29.64. The 50 day moving average moved down $-2.36 and the 200 day average went down by -19.01%.
The most current P/E ratio is 16.48 and the market cap is 2.35B. As of the latest earnings report the EPS was $1.46 and is expected to be $0.75 for the current year with 98,060,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.06 with next year’s EPS anticipated to be $0.43.
A few investment firms have released opinions on the company. Equity analyst Wells Fargo starting coverage on the stock with an initial rating of “Outperform”. On September 27, 2016 Citigroup initiated coverage on OII with a rating of “Hold” and a price target of $27.00.
July 25 investment analysts at Jefferies left the stock rating at “Hold” but lowered the price expectation 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 rated “Hold” in a report from Evercore ISI Group which was a cut from the previous “” rating. JP Morgan initiated coverage on the stock setting a rating of “Underweight” and setting a price target of $23.00.