Oceaneering International, Inc. (NYSE:OII):
Oceaneering Reports Third Quarter 2016 Results.
The company is down by -5.66 percent from yesterday’s close.
Oceaneering International, Inc. recently declared a dividend for shareholders that was paid on Fri Sep 16, 2016. The dividend 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.
The stock is trading at $24.01 a tad under $26.37, the 50 day moving average and which is slightly below the 200 day moving average of $29.64. The 50 day moving average was down $-2.36 or -8.96% whereas the 200 day moving average was down $-5.63 or -19.01%.
Oceaneering International, Inc.’s 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 estimated to be $0.75 for the current year with 98,060,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.06 and the next full year EPS is anticipated to be $0.43.
Investment analysts have weighed in on the company. On October 18 analysts at Wells Fargo added the stock to its research portfolio with a rating of “Outperform”. On September 27, 2016 Citigroup initiated coverage on OII with an initial rating of “Hold” and setting a price target of $27.00.
On July 25 Jefferies kept the company rating at “Hold” but moved down the price target from $31.00 to $27.00. July 11 investment analysts at Jefferies left the company rating at “Hold” but lowered the price target to $31.00 from $38.00.
On June 29 the company was downgraded to “Hold” from “” in an announcement from Evercore ISI Group. JP Morgan released its first research report on the stock giving it an initial rating of “Underweight” and establishing a price target of $23.00.