5 Midcap Energy Stocks to Buy Now

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5 Midcap Energy Stocks to Buy Now

Midcap Energy Stocks To Buy #4:  Oceaneering International (OII)

Oceaneering OII 185 5 Midcap Energy Stocks to Buy NowIt takes a lot of technology and know-how in order to drill in the ultra-deep water of the world. For the energy stocks providing those services, it can mean some huge profits. For Remotely Operated Vehicles (ROVs) specialist Oceaneering International (OII), it can mean record profits.

OII owns 304 ROVs that help E&P firms support undersea drilling, pipeline construction and well completion from the surface. The firm also produces various pieces of undersea drilling hardware for use in deepwater applications. That niche market has allowed OII to continue to rack-up growing and record profits in recent years.

For the first quarter 2014, Oceaneering International managed to generate net income of $91.2 million or 84 cents per share. Revenues clocked in at $840.2 million. That was a 22% gain in earnings per share versus the same period a year ago. That growth in revenue and profits were higher than many of its competitors.

Aside from a rising share price, OII stock investors have been treated to rising dividends as well. The latest increase was a 22.73% jump to its quarterly payout. Shares of OII stock now yield 1.5%.


Article printed from InvestorPlace Media, http://investorplace.com/2014/05/midcap-energy-stocks-atw-hfc-sm-oii-upl/.

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