Oceaneering International, Inc. (NYSE:OII) Receives Average Rating of “Hold” from Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have been assigned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $28.25.

A number of analysts recently weighed in on OII shares. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, January 10th. Barclays decreased their price target on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, TD Cowen upped their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th.

Oceaneering International Trading Up 13.5 %

Shares of OII opened at $18.10 on Thursday. The stock has a fifty day moving average of $21.76 and a two-hundred day moving average of $24.78. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company has a market capitalization of $1.83 billion, a PE ratio of 12.57 and a beta of 1.94. Oceaneering International has a fifty-two week low of $15.46 and a fifty-two week high of $30.98.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $713.45 million for the quarter, compared to analysts’ expectations of $681.60 million. As a group, analysts forecast that Oceaneering International will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Oceaneering International

Institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas acquired a new stake in shares of Oceaneering International in the 4th quarter valued at about $531,000. Old West Investment Management LLC acquired a new stake in Oceaneering International during the fourth quarter worth about $1,565,000. Stifel Financial Corp raised its stake in Oceaneering International by 51.8% during the third quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock worth $1,715,000 after acquiring an additional 23,512 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Oceaneering International by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock worth $33,869,000 after acquiring an additional 58,081 shares during the period. Finally, Barclays PLC raised its stake in Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after acquiring an additional 138,931 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.