Oceaneering International Stock Rating Lowered by ISI Group (OII)
Oceaneering International (NYSE:OII) was downgraded by stock analysts at ISI Group from a “strong-buy” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on OII. 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. Separately, analysts at Barclays raised their price target on shares of Oceaneering International from $96.00 to $103.00 in a research note to investors on Tuesday, December 17th. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Oceaneering International from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. They now have a $92.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $90.29.
Shares of Oceaneering International (NYSE:OII) opened at 74.67 on Monday. Oceaneering International has a 52 week low of $58.08 and a 52 week high of $87.64. The stock has a 50-day moving average of $77.42 and a 200-day moving average of $80.39. The company has a market cap of $8.079 billion and a price-to-earnings ratio of 22.51.
Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Analysts expect that Oceaneering International will post $3.40 EPS for the current fiscal year.
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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