Cowen Reiterated Oceaneering International Inc. [OII]. What else is Wall St. saying?

Oceaneering International Inc. [NYSE: OII] gained 1.30% or 0.08 points to close at $6.22 with a heavy trading volume of 1170264 shares. The company report on August 10, 2020 that Envestnet to Participate in August Conferences.

Envestnet, Inc. (NYSE: ENV), today announced that the Company will be participating at the following virtual investor conferences:.


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Investors and interested parties can access the UBS presentation by visiting the Company’s investor relations website at http://ir.envestnet.com/.

It opened the trading session at $6.40, the shares rose to $6.55 and dropped to $6.20, the range by which the price of stock traded the whole day. The daily chart for OII points out that the company has recorded -51.67% loss over the past six months. However, it is still -209.45% lower than its most recent low trading price.

If we look at the average trading volume of 1.63M shares, OII reached to a volume of 1170264 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Oceaneering International Inc. [OII]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OII shares is $6.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OII stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Oceaneering International Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 07, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price from $4 to $7. The new note on the price target was released on April 24, 2020, representing the official price target for Oceaneering International Inc. stock.

The Average True Range (ATR) for Oceaneering International Inc. is set at 0.42, with the Price to Sales ratio for OII stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 3.59.

Trading performance analysis for OII stock

Oceaneering International Inc. [OII] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.07. With this latest performance, OII shares gained by 15.40% in over the last four-week period, additionally sinking by -51.67% over the last 6 months – not to mention a drop of -49.76% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OII stock in for the last two-week period is set at 52.99, with the RSI for the last a single of trading hit 57.49, and the three-weeks RSI is set at 52.38 for Oceaneering International Inc. [OII]. The present Moving Average for the last 50 days of trading for this stock 6.31, while it was recorded at 6.00 for the last single week of trading, and 8.98 for the last 200 days.

Oceaneering International Inc. [OII]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Oceaneering International Inc. [OII] shares currently have an operating margin of -5.70 and a Gross Margin at +4.80. Oceaneering International Inc.’s Net Margin is presently recorded at -17.01.

Return on Total Capital for OII is now -5.48, given the latest momentum, and Return on Invested Capital for the company is -16.50. Return on Equity for this stock declined to -28.12, with Return on Assets sitting at -12.52. When it comes to the capital structure of this company, Oceaneering International Inc. [OII] has a Total Debt to Total Equity ratio set at 91.40. Additionally, OII Total Debt to Total Capital is recorded at 47.75, with Total Debt to Total Assets ending up at 35.66. Long-Term Debt to Equity for the company is recorded at 89.54, with the Long-Term Debt to Total Capital now at 46.78.

Reflecting on the efficiency of the workforce at the company, Oceaneering International Inc. [OII] managed to generate an average of -$38,291 per employee. Receivables Turnover for the company is 3.23 with a Total Asset Turnover recorded at a value of 0.74.Oceaneering International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.50.

Oceaneering International Inc. [OII]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Oceaneering International Inc. posted -0.3/share EPS, while the average EPS was predicted by analysts to be reported at -0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -36.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OII.

An analysis of insider ownership at Oceaneering International Inc. [OII]

There are presently around $538 million, or 90.30% of OII stock, in the hands of institutional investors. The top three institutional holders of OII stocks are: BLACKROCK INC. with ownership of 16,499,369, which is approximately 1.576% of the company’s market cap and around 1.60% of the total institutional ownership; VANGUARD GROUP INC, holding 10,790,819 shares of the stock with an approximate value of $67.12 million in OII stocks shares; and FMR LLC, currently with $59.59 million in OII stock with ownership of nearly 27.521% of the company’s market capitalization.

Positions in Oceaneering International Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 98 institutional holders increased their position in Oceaneering International Inc. [NYSE:OII] by around 10,292,090 shares. Additionally, 117 investors decreased positions by around 19,816,451 shares, while 24 investors held positions by with 56,420,274 shares. The mentioned changes placed institutional holdings at 86,528,815 shares, according to the latest SEC report filing. OII stock had 26 new institutional investments in for a total of 1,797,288 shares, while 55 institutional investors sold positions of 8,340,150 shares during the same period.

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