Oceaneering International, Inc. (NYSE:OII) Short Interest Update

Oceaneering International, Inc. (NYSE:OII) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 4,470,000 shares, a growth of 20.8% from the June 30th total of 3,700,000 shares. Based on an average trading volume of 848,900 shares, the short-interest ratio is currently 5.3 days. Approximately 4.5% of the company’s shares are short sold.

Institutional Trading of Oceaneering International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its position in Oceaneering International by 0.7% in the second quarter. Wedge Capital Management L L P NC now owns 66,685 shares of the oil and gas company’s stock valued at $1,578,000 after purchasing an additional 450 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of Oceaneering International by 0.4% in the first quarter. Concurrent Investment Advisors LLC now owns 126,350 shares of the oil and gas company’s stock valued at $2,957,000 after acquiring an additional 465 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Oceaneering International by 5.4% in the first quarter. Bleakley Financial Group LLC now owns 12,158 shares of the oil and gas company’s stock valued at $284,000 after acquiring an additional 628 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Oceaneering International by 5.2% in the first quarter. Shell Asset Management Co. now owns 15,086 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 749 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Oceaneering International by 3.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,757 shares of the oil and gas company’s stock valued at $463,000 after acquiring an additional 824 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Trading Up 0.3 %

NYSE OII traded up $0.08 on Tuesday, reaching $29.14. The stock had a trading volume of 865,734 shares, compared to its average volume of 851,489. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 27.49 and a beta of 2.39. The company has a quick ratio of 1.45, a current ratio of 1.72 and a debt-to-equity ratio of 0.73. Oceaneering International has a 12-month low of $18.67 and a 12-month high of $30.41. The stock has a fifty day moving average price of $23.84 and a two-hundred day moving average price of $22.77.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The firm had revenue of $668.81 million during the quarter, compared to analysts’ expectations of $656.87 million. Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. As a group, sell-side analysts forecast that Oceaneering International will post 1.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Thursday, July 25th. Citigroup upped their price objective on Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Barclays reiterated an “underweight” rating and issued a $21.00 price objective (down from $22.00) on shares of Oceaneering International in a report on Tuesday, May 14th.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.