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

Oceaneering International (OII) stock had a bullish inflow of $15.7 million worth of trades on uptick and an outflow of $13.99 million in downticks on Friday. The total uptick to downtick ratio stood at 1.12. The net money flow into the stock was $1.7 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.31 million. $1.31 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Oceaneering International (OII) stock traded down $0.97 , and reached $28.94, a drop of -3.24% over the previous day. On a weekly basis, the stock is -6.31%, over the previous weeks close.


Oceaneering International (OII) stock is expected to deviate a maximum of $7.16 from the average target price of $34.97 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $23.

Oceaneering International (NYSE:OII): On Fridays trading session , Opening price of the stock was $30.13 with an intraday high of $31. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.4. However, the stock managed to close at $28.96, a loss of 3.18% for the day. On the previous day, the stock had closed at $29.91. The total traded volume of the day was 3,224,200 shares.

In a related news, Lawrence David K, Officer (Sr. V.P., Gen.Counsel And Sec.) of OCEANEERING INTERNATIONAL INC had purchased 090 shares on June 30, 2016 in a transaction. The price per share was $30.22 and the total amount of the disclosed transaction was $2,720.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

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