Oceaneering International, Inc. (NYSE:OII) Receives $29.25 Consensus PT from Brokerages

Oceaneering International, Inc. (NYSE:OII) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $29.25.

Several research analysts recently commented on OII shares. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Friday, January 10th. TD Cowen raised their target price on shares of 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 Oceaneering International from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $22.00 to $26.00 in a 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 note on Friday, October 25th. Finally, Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th.

Institutional Investors Weigh In On Oceaneering International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jennison Associates LLC acquired a new position in Oceaneering International during the 4th quarter worth $1,178,000. R Squared Ltd acquired a new position in Oceaneering International in the fourth quarter worth about $40,000. SteelPeak Wealth LLC acquired a new position in Oceaneering International in the fourth quarter worth about $305,000. KBC Group NV increased its holdings in Oceaneering International by 72.6% in the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 2,192 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Oceaneering International by 20.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,030 shares of the oil and gas company’s stock valued at $444,000 after buying an additional 2,869 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Trading Down 0.1 %

Shares of OII opened at $26.42 on Friday. Oceaneering International has a twelve month low of $19.68 and a twelve month high of $30.98. The firm has a market capitalization of $2.67 billion, a P/E ratio of 20.01 and a beta of 2.41. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $27.03 and its 200 day simple moving average is $26.29.

Oceaneering International (NYSE:OII) last released its quarterly earnings data 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 firm had revenue of $679.81 million during the quarter, compared to analysts’ expectations of $693.69 million. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Oceaneering International will post 1.37 earnings per share for the current year.

About Oceaneering International

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.