Oceaneering International (NYSE:OII) has tumbled 2.48% during the past week and has dropped 4.24% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.31%. Oceaneering International (NYSE:OII) has underperformed the index by 5.11% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Oceaneering International (NYSE:OII): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.36 and $31.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.86, notching a gain of 2.54% for the day. The total traded volume was 2,871,147 . The stock had closed at $31.07 on the previous day.
The company shares have dropped -32.51% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $48.11 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $33.09 and the 200 Day Moving Average price is recorded at $33.15.
On the companys insider trading activities,The director of Oceaneering International Inc, Collins T Jay sold 20,000 shares at $33.05 on May 31, 2016. The Insider selling transaction had a total value worth of $661,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the RBC Capital upgrades the rating on Oceaneering International (NYSE:OII). The brokerage firm has issued a Sector Perform rating on the shares. The shares were previously rated Underperform. The Analysts at the ratings agency raises the price target from $30 per share to $36 per share. The rating by the firm was issued on May 20, 2016. Currently the company Insiders own 0.7% of Oceaneering International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -29.94% . Institutional Investors own 97.92% of Oceaneering International shares. During last six month period, the net percent change held by insiders has seen a change of -26.1%.
Oceaneering International, Inc. is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Companys business segments are contained within two businesses, such as services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). The Companys four business segments within the Oil and Gas business includes Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Company also provides remote asset management software services. The Company provides services and products, such as remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, and asset integrity and non-destructive testing services. The Companys foreign operations are principally focused in the North Sea, Africa, Brazil, Australia and Asia.