News stories about Oceaneering International (NYSE:OII) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oceaneering International earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.7622058180762 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
Oceaneering International (OII) opened at $18.78 on Wednesday. The company has a market capitalization of $1,850.00, a PE ratio of 5.31 and a beta of 1.46. Oceaneering International has a 12-month low of $17.11 and a 12-month high of $28.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.72 and a quick ratio of 2.23.
Oceaneering International (NYSE:OII) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The company had revenue of $484.20 million during the quarter, compared to analyst estimates of $435.90 million. Oceaneering International had a negative return on equity of 0.49% and a net margin of 8.66%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share. analysts expect that Oceaneering International will post -0.68 EPS for the current year.
A number of brokerages have recently weighed in on OII. Barclays set a $21.00 price objective on Oceaneering International and gave the company a “hold” rating in a research report on Monday, February 26th. Wells Fargo & Co restated an “outperform” rating and set a $17.00 price objective (down previously from $18.00) on shares of Oceaneering International in a research report on Monday, February 26th. Loop Capital cut their price objective on Oceaneering International from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, February 27th. Credit Suisse Group restated a “neutral” rating and set a $19.00 price objective (down previously from $20.00) on shares of Oceaneering International in a research report on Monday, February 26th. Finally, Jefferies Group lowered Oceaneering International from a “hold” rating to an “underperform” rating and set a $18.00 price objective for the company. in a research report on Thursday, January 4th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. Oceaneering International currently has an average rating of “Hold” and an average price target of $22.63.
About Oceaneering International
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).