Oceaneering International, Inc. (NYSE:OII)‘s stock had its “sell” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued to investors on Thursday. They currently have a $25.00 price target on the oil and gas company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 1.30% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Seaport Global Securities raised shares of Oceaneering International from a “sell” rating to a “neutral” rating in a research note on Thursday. BidaskClub raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research note on Saturday, July 15th. Cowen and Company reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Oceaneering International in a research note on Tuesday, July 11th. Finally, Morgan Stanley lowered shares of Oceaneering International from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $33.00 to $28.00 in a research note on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.44.

Shares of Oceaneering International (OII) traded down 0.36% on Thursday, reaching $24.68. 968,594 shares of the company were exchanged. Oceaneering International has a 52 week low of $20.74 and a 52 week high of $32.12. The company’s market capitalization is $2.43 billion. The company’s 50-day moving average is $23.59 and its 200-day moving average is $26.07.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $446.18 million during the quarter, compared to analyst estimates of $459.57 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, equities analysts expect that Oceaneering International will post ($0.11) EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Oceaneering International by 10,555.3% in the first quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock valued at $230,542,000 after buying an additional 8,433,478 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Oceaneering International by 91.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,114 shares of the oil and gas company’s stock valued at $81,648,000 after buying an additional 1,443,300 shares during the last quarter. State Street Corp raised its position in shares of 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 during the last quarter. Bank of New York Mellon Corp raised its position in shares of Oceaneering International by 34.6% in the first quarter. Bank of New York Mellon Corp now owns 2,199,714 shares of the oil and gas company’s stock valued at $59,569,000 after buying an additional 565,334 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of 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 during the last quarter. 98.81% of the stock is owned by hedge funds and other institutional investors.

About Oceaneering International

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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