Oceaneering International, Inc. (NYSE:OII) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

OII has been the topic of several other reports. Seaport Global Securities downgraded shares of Oceaneering International from a “neutral” rating to a “sell” rating and cut their target price for the stock from $24.00 to $19.00 in a research report on Wednesday, June 21st. Scotiabank reiterated a “buy” rating and set a $37.00 target price on shares of Oceaneering International in a research report on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and set a $25.00 target price on shares of Oceaneering International in a research report on Monday, June 19th. Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Tudor Pickering began coverage on shares of Oceaneering International in a research report on Thursday, March 23rd. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.50.

Oceaneering International (NYSE OII) traded down 1.49% during midday trading on Thursday, hitting $21.76. 1,872,698 shares of the company were exchanged. Oceaneering International has a one year low of $20.74 and a one year high of $32.12. The stock’s market capitalization is $2.14 billion. The firm’s 50-day moving average price is $24.67 and its 200-day moving average price is $26.76.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.06. Oceaneering International had a negative net margin of 0.38% and a positive return on equity of 2.72%. The business had revenue of $446.18 million for the quarter, compared to the consensus estimate of $459.57 million. During the same period last year, the company earned $0.26 EPS. The firm’s revenue was down 26.7% compared to the same quarter last year. Equities research analysts anticipate that Oceaneering International will post ($0.12) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 26th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.60 annualized dividend and a dividend yield of 2.76%. Oceaneering International’s dividend payout ratio is currently -750.00%.

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Hedge funds have recently added to or reduced their stakes in the stock. UBS Oconnor LLC raised its stake in Oceaneering International by 19.0% in the first quarter. UBS Oconnor LLC now owns 384,335 shares of the oil and gas company’s stock valued at $10,408,000 after buying an additional 61,335 shares in the last quarter. Credit Suisse AG raised its stake in Oceaneering International by 46.0% in the first quarter. Credit Suisse AG now owns 457,855 shares of the oil and gas company’s stock valued at $12,400,000 after buying an additional 144,253 shares in the last quarter. Paloma Partners Management Co raised its stake in Oceaneering International by 48.2% in the first quarter. Paloma Partners Management Co now owns 11,773 shares of the oil and gas company’s stock valued at $318,000 after buying an additional 3,830 shares in the last quarter. AQR Capital Management LLC raised its stake in Oceaneering International by 16.0% in the first quarter. AQR Capital Management LLC now owns 1,758,624 shares of the oil and gas company’s stock valued at $47,624,000 after buying an additional 242,499 shares in the last quarter. Finally, State Street Corp raised its stake in Oceaneering International by 0.7% in the first quarter. State Street Corp now owns 2,995,000 shares of the oil and gas company’s stock valued at $81,101,000 after buying an additional 21,246 shares in the last quarter. Institutional investors own 98.79% of the company’s stock.

Oceaneering International Company Profile

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

Analyst Recommendations for Oceaneering International (NYSE:OII)

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