Oceaneering International, Inc. (NYSE:OII) Given Average Recommendation of “Hold” by Analysts

Oceaneering International, Inc. (NYSE:OII) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $29.25.

A number of equities analysts recently commented on OII shares. Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Friday, January 10th. TD Cowen boosted their price target on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. Benchmark restated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th. Finally, Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th.

Institutional Investors Weigh In On Oceaneering International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC increased its stake in Oceaneering International by 23.1% in the 3rd quarter. Algert Global LLC now owns 100,013 shares of the oil and gas company’s stock valued at $2,487,000 after buying an additional 18,760 shares during the last quarter. Stifel Financial Corp boosted its holdings in Oceaneering International by 51.8% in the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock worth $1,715,000 after buying an additional 23,512 shares during the period. Fisher Asset Management LLC boosted its holdings in Oceaneering International by 32.3% in the 3rd quarter. Fisher Asset Management LLC now owns 132,363 shares of the oil and gas company’s stock worth $3,292,000 after buying an additional 32,297 shares during the period. Earnest Partners LLC boosted its holdings in Oceaneering International by 21.0% in the 2nd quarter. Earnest Partners LLC now owns 6,365,214 shares of the oil and gas company’s stock worth $150,601,000 after buying an additional 1,105,263 shares during the period. Finally, Barclays PLC boosted its holdings in Oceaneering International by 334.5% in the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after purchasing an additional 138,931 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Price Performance

NYSE:OII opened at $26.36 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The stock’s 50-day simple moving average is $27.06 and its 200 day simple moving average is $26.27. The company has a market cap of $2.66 billion, a P/E ratio of 19.97 and a beta of 2.41. Oceaneering International has a 52-week low of $19.68 and a 52-week high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The business had revenue of $679.81 million for the quarter, compared to the consensus estimate of $693.69 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Oceaneering International will post 1.37 EPS for the current fiscal year.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.