Oceaneering International, Inc. (OII) climbed 0.63% during last trading as the stock added $0.17 to finish the day at $27.22 with about 1.44M shares changing hands, compared to its three month average trading volume of 1.59M. The $2.67B market cap company, which fluctuated between $26.85 and $27.48 during the day, currently situated 21.84% above its 52 week low of $22.47 and -24.49% away from its one year high of $36.92. The RSI of 42.3 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas industry worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drilling support in the oil and gas industry; and drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services. As of December 31, 2015, this segment owned a fleet of 315 ROVs. Its Subsea Products segment constructs various subsea hardware products comprising subsea umbilicals utilizing thermoplastic hoses and steel tubes; tooling, and ROV tooling and subsea work packages; production control equipment; installation and workover control systems; clamp connectors; pipeline connectors and repair systems; subsea and topside control valves; and subsea chemical injection valves. The company’s Subsea Projects segment performs subsea oilfield hardware installation and inspection, maintenance, and repair services; serves deepwater projects and shallow water projects; and performs subsea intervention and hardware installation services, such as subsea well tie-backs, pipeline/flow line tie-ins and repairs, pipeline crossings, umbilical and other subsea equipment installations, and subsea intervention, as well as inspection, maintenance, and repair services. Its Asset Integrity segment offers asset integrity services to enhance the reliability and safety of their facilities onshore and offshore, as well as third-party inspections to customers in the oil and gas, petrochemical, and power generation industries; and first-pass integrity evaluation and assessment, and nondestructive testing services. The company’s Advanced Technologies segment offers project management, engineering services, and equipment for applications in non-oilfield markets. Oceaneering International, Inc. was founded in 1964 and is based in Houston, Texas.
Dana Incorporated (DAN) gained $0.13 to close the day at a new closing price of $19.71, a 0.66% increase in value from its previous closing price that moved the stock 102.76% above its 52 week low of $9.8. A total of 1.43M shares exchanged hands during the day compared with its three month average trading volume of 1.57M. The stock, which fluctuated between $19.52 and $19.9 during the day, currently situated -4.41% below its 52 week high. The stock is up by 2.34% in the past one month and up by 25.46% over the past three months. With a one year target estimate of $20.6 and RSI of 49.05, the stock still has upside potential, making it a hold for now.
Dana Incorporated manufactures and sells driveline, sealing, and thermal-management products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. The Light Vehicle Driveline Technologies segment offers front axles, rear axles, driveshafts/propshafts, differentials, torque couplings, and modular assemblies for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Driveline Technologies segment provides Steer and drive axles, driveshafts, and tire inflation systems for medium and heavy duty trucks, buses, and specialty vehicles. The Off-Highway Driveline Technologies segment manufactures front and rear axles, driveshafts, transmissions, torque converters, tire inflation systems, and electronic controls for use in construction, earth moving, agricultural, mining, forestry, rail, and material handling applications. The Power Technologies segment offers gaskets, cover modules, heat shields, engine sealing systems, cooling products, and heat transfer products for light vehicle, medium/heavy vehicle, and off-highway markets. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio.
Bloomin’ Brands, Inc. (BLMN) had a active trading with around 1.43M shares changing hands compared to its three month average trading volume of 1.37M. The stock traded between $17.97 and $18.41 before closing at the price of $18 with -1.42% change on the day. The Tampa Florida 33607 based company is currently trading 22.65% above its 52 week low of $14.91 and -9.95% below its 52 week high of $19.99. Both the RSI indicator and target price of 58.42 and $20.4 respectively, lead us to believe that it should be put on hold over the coming weeks.
Bloomin’ Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States. It operates restaurants under various concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse. As of June 26, 2016, the company owned and operated 1,335 restaurants and franchised 166 restaurants across 48 states, Puerto Rico, and Guam, as well as 20 countries internationally. Bloomin’ Brands, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida.