Oceaneering International, Inc. (NYSE:OII) added 6.13% and closed its last session at $26.65. The stock has the market capitalization of $2.61 Billion with the total outstanding shares of 98.06 Million. Oceaneering International, Inc.. has Analysts’ Mean Recommendation of 2.53 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 41.51 for trailing twelve months while its Forward P/E is 701.32.
Oceaneering International, Inc. (NYSE:OII) touched its 52-Week High of $42.77 on Dec 3, 2015 while it’s 52-Week Low of $22.47 on Oct 28, 2016. The company currently has Return on Assets of 1.9 percent, Return on Equity of 4% and Return on Investment of 11.3 percent. The stock currently showing Weekly Volatility of 2.86%% and Monthly Volatility of 3.27% Percent with Average True Range of 0.92 and Beta of 1.64.
The 21 analysts offering 12-month price forecasts for Oceaneering International Inc have a median target of 25.50, with a high estimate of 45.00 and a low estimate of 21.00. The median estimate represents a -4.32% decrease from the last price of 26.65.
The Company on 8 November declared the appointment of Stephen P. Barrett as Senior Vice President, Business Development. In this role, Mr. Barrett will oversee Oceaneering’s global business development efforts.
Roderick A. Larson, President of Oceaneering, stated, “Steve’s extensive industry knowledge and perspective makes him ideal for this role. I am confident that with his leadership we will further expand our service and product solutions to meet our customers’ offshore life of field challenges.”
Mr. Barrett has over 35 years of experience in the oil and gas industry. He joined Oceaneering in 2015 as Senior Vice President, Subsea Products. Prior to joining Oceaneering, Mr. Barrett was with FMC Technologies, Inc. where he held various leadership positions, lastly as Global Subsea Services Director. Mr. Barrett earned a Bachelor of Science degree in Mechanical Engineering from Texas A&M University and a Masters of Business degree in Finance and Entrepreneurship from Rice University.
Knut Eriksen, who joined Oceaneering in 2010, currently holds this position and will support Mr. Barrett during the transition period while continuing to build customer relationships at the executive level.
OCEANEERING INTERNATIONAL, INC. is an advanced applied technology company that provides engineered services and hardware to customers who operate in marine, space and other harsh environments. The company supplies a comprehensive range of integrated technical services to a wide array of industries and is one of the world’s largest underwater services contractors.