Oceaneering International, Inc. (NYSE:OII):
Oceaneering Declares Quarterly Dividend.
The company is down by -5.66% since yesterday’s close of $25.45.
The company also recently declared a dividend for shareholders paid on Friday the 16th of September 2016. The dividend payment was $0.270 per share for the quarter or $1.08 on an annualized basis. This dividend represents a yield of $4.18. The ex-dividend date was set for Wednesday the 24th of August 2016.
The stock is trading at $24.01 slightly below the 50 day moving average of $26.37 and which is marginally lower than 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%.
The P/E ratio is currently 16.48 and market cap is 2.35B. In 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 currently outstanding. Analysts expect next quarter’s EPS to be $0.06 and the next full year EPS is projected to be $0.43.
Investment analysts have weighed in on the stock of late. On October 18 analysts at Wells Fargo began coverage of OII giving it an initial rating of “Outperform”. Citigroup added OII to its research portfolio with a rating of “Hold” and establishing a price target of $27.00.
July 25 investment analysts at Jefferies kept the stock rating at “Hold” but lowered the price expectation from $31.00 to $27.00. On July 11 Jefferies maintained a company rating of “Hold” and moved down the price target to $31.00 from $38.00.
On June 29 the company was changed to a “Hold” according to a Evercore ISI Group report down from the previous “” rating. On June 22, 2016 JP Morgan started coverage with an initial rating of “Underweight” and a price target of $23.00.