Shares of Oceaneering International (NYSE:OII) Sees Large Inflow of Net Money Flow

Oceaneering International (NYSE:OII) traded with a cut of -0.02 points or -0.06% at $32.65 per share. As per the last available information, the stock aggregated $2.07 million in upticks and $1.32 million in downticks, keeping the net money flow capped at $0.74 million. The up/down ratio was found to be 1.56. For the week, the shares have seen a change of 1.65% in the share price.A block trade of $0.57 million in upticks and $0 million in downticks also took place during the day. The up/down ratio for the block stood at 0. The net money flow for this transaction was $0.57 million.


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%. On the companys insider trading activities, Collins T Jay, director of Oceaneering International Inc, unloaded 20,000 shares at an average price of $33.05 on May 31, 2016. The total amount of the transaction was worth $661,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Oceaneering International (NYSE:OII) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.87 points or 2.66% at $31.8 with 1,980,401 shares getting traded. Post opening the session at $32.41, the shares hit an intraday low of $31.75 and an intraday high of $32.85 and the price was in this range throughout the day. The company has a market cap of $3,118 million and the number of outstanding shares have been calculated to be 98,059,876 shares. The 52-week high of Oceaneering International (NYSE:OII) is $50.18 and the 52-week low is $25.33.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, RBC Capital, upgrades their rating on the shares of Oceaneering International (NYSE:OII). RBC Capital has a Sector Perform rating on the shares. Previously, the analysts had a Underperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $30. The rating by the firm was issued on May 20, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.