Oceaneering International Inc. [OII] Is Currently 7.57 below its 200 Period Moving Avg: What Dose This Mean?

Oceaneering International Inc. [NYSE: OII] closed the trading session at $5.40 on 08/24/20. The day’s price range saw the stock hit a low of $4.96, while the highest price level was $5.43. The company report on August 20, 2020 that Envestnet, Inc. Announces Closing of Convertible Notes Offering.

Envestnet, Inc. (NYSE: ENV) (the “Company”), a leading provider of intelligent systems for wealth management and financial wellness, announced today the closing of its offering of $517.5 million aggregate principal amount of 0.75% convertible notes due 2025 (the “Notes”), which were sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The proceeds include the full exercise of the $67.5 million option to purchase additional Notes granted by the Company to the initial purchasers.

The Notes are general unsecured obligations of the Company and will be guaranteed on an unsecured basis by Envestnet Asset Management, Inc. (the “Guarantor”), a wholly owned subsidiary of the Company. The Notes and the Guarantee will be subordinated in right of payment to the Company’s and the Guarantor’s obligations, respectively, under the Company’s revolving credit facility.

The stocks have a year to date performance of -63.78 percent and weekly performance of -11.76 percent. The stock has been moved at -51.40 percent over the last six months. The stock has performed -8.63 percent around the most recent 30 days and changed -7.69 percent over the most recent 3-months.

If compared to the average trading volume of 1.50M shares, OII reached to a volume of 1759271 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $6.46 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 0.39, with the Price to Sales ratio for OII stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 3.25.

OII stock trade performance evaluation

Oceaneering International Inc. [OII] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.76. With this latest performance, OII shares dropped by -8.63% in over the last four-week period, additionally sinking by -51.40% over the last 6 months – not to mention a drop of -56.97% 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 42.80, with the RSI for the last a single of trading hit 41.13, and the three-weeks RSI is set at 45.24 for Oceaneering International Inc. [OII]. The present Moving Average for the last 50 days of trading for this stock 6.03, while it was recorded at 5.49 for the last single week of trading, and 8.60 for the last 200 days.

Oceaneering International Inc. [OII]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for Oceaneering International Inc. [OII] stock

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.

Oceaneering International Inc. [OII]: Insider Ownership positions

There are presently around $466 million, or 88.50% of OII stock, in the hands of institutional investors. The top three institutional holders of OII stocks are: BLACKROCK INC. with ownership of 16,700,641, which is approximately 1.22% of the company’s market cap and around 1.60% of the total institutional ownership; FMR LLC, holding 12,627,237 shares of the stock with an approximate value of $68.19 million in OII stocks shares; and VANGUARD GROUP INC, currently with $60.78 million in OII stock with ownership of nearly 4.302% 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 106 institutional holders increased their position in Oceaneering International Inc. [NYSE:OII] by around 8,952,160 shares. Additionally, 87 investors decreased positions by around 12,973,514 shares, while 21 investors held positions by with 64,390,927 shares. The mentioned changes placed institutional holdings at 86,316,601 shares, according to the latest SEC report filing. OII stock had 28 new institutional investments in for a total of 1,393,519 shares, while 27 institutional investors sold positions of 4,422,966 shares during the same period.

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