The Oceaneering International (OII) Earns Daily News Impact Rating of 0.14

The Oceaneering International (OII) Earns Daily News Impact Rating of 0.14

Here are some of the media headlines that may have impacted AlphaOne’s rankings:

News headlines about Oceaneering International (NYSE:OII) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oceaneering International earned a news sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also gave press coverage about the oil and gas company an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.

Shares of Oceaneering International (NYSE:OII) opened at 24.84 on Monday. The stock has a 50 day moving average price of $25.95 and a 200-day moving average price of $27.14. The firm’s market cap is $2.44 billion. Oceaneering International has a 52-week low of $22.47 and a 52-week high of $35.83. Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The company had revenue of $446.18 million during the quarter, compared to the consensus estimate of $459.57 million. Oceaneering International had a negative net margin of 1.69% and a negative return on equity of 2.01%. The company’s revenue was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, equities analysts anticipate that Oceaneering International will post ($0.11) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 26th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, May 24th. Oceaneering International’s dividend payout ratio is presently 230.78%. A number of analysts have commented on OII shares. Royal Bank of Canada restated a “sell” rating and issued a $30.00 price target on shares of Oceaneering International in a research report on Friday, April 21st. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Tudor Pickering started coverage on Oceaneering International in a research note on Thursday, March 23rd. They set a “hold” rating for the company. Scotiabank set a $37.00 price objective on Oceaneering International and gave the company a “buy” rating in a research note on Saturday, February 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Oceaneering International in a research note on Tuesday, April 11th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Oceaneering International currently has an average rating of “Hold” and an average price target of $29.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 26th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, May 24th. Oceaneering International’s dividend payout ratio is presently 230.78%. In related news, Director Paul B. Murphy, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $24.68, for a total transaction of $98,720.00. Following the completion of the sale, the director now owns 18,901 shares of the company’s stock, valued at approximately $466,476.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.

Oceaneering International Company Profile Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OII”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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