Oceaneering International Lowered to “Neutral” at Global Hunter Securities (OII)
Oceaneering International (NYSE:OII) was downgraded by equities researchers at Global Hunter Securities from a “buy” rating to a “neutral” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Oceaneering International (NYSE:OII) opened at 82.21 on Monday. Oceaneering International has a one year low of $50.87 and a one year high of $84.64. The stock has a 50-day moving average of $81.29 and a 200-day moving average of $73.45. The company has a market cap of $8.895 billion and a price-to-earnings ratio of 26.35.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.07. The company had revenue of $820.40 million for the quarter, compared to the consensus estimate of $786.66 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts predict that Oceaneering International will post $3.37 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on OII. Analysts at RBC Capital downgraded shares of Oceaneering International (NYSE:OII) from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, August 15th. They now have a $89.00 price target on the stock. Separately, analysts at ISI Group raised their price target on shares of Oceaneering International (NYSE:OII) from $78.00 to $97.00 in a research note to investors on Monday, July 29th. They now have a “strong-buy” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Oceaneering International (NYSE:OII) from $78.00 to $97.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $80.73.
Oceaneering International, Inc is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications.
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