Oceaneering International Lowered to Hold at Socgen (OII)
Oceaneering International (NYSE:OII) was downgraded by Socgen from a “buy” rating to a “hold” rating in a research note issued on Thursday, Analyst Ratings News reports.
Oceaneering International (NYSE:OII) remained flat at $74.21 during trading on Thursday. 410,567 shares of the company’s stock traded hands. Oceaneering International has a one year low of $58.08 and a one year high of $87.64. The stock’s 50-day moving average is $77.57 and its 200-day moving average is $80.44. The company has a market cap of $8.029 billion and a P/E ratio of 22.49.
Oceaneering International (NYSE:OII) last announced its earnings results on Tuesday, October 29th. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.02. The company had revenue of $853.00 million for the quarter, compared to the consensus estimate of $858.85 million. During the same quarter last year, the company posted $0.78 earnings per share. Oceaneering International’s revenue was up 16.2% compared to the same quarter last year. On average, analysts predict that Oceaneering International will post $3.40 earnings per share for the current fiscal year.
OII has been the subject of a number of other recent research reports. Analysts at Societe Generale downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at ISI Group downgraded shares of Oceaneering International from a “strong-buy” rating to a “neutral” rating in a research note to investors on Monday. Finally, analysts at RBC Capital upgraded shares of Oceaneering International from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $89.00 price target on the stock. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $90.29.
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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