Oceaneering International (OII) Given Consensus Rating of “Hold” by Analysts

Shares of Oceaneering International (NYSE:OII) have earned an average rating of “Hold” from the twenty-four brokerages that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $22.23.

Several equities research analysts have issued reports on the stock. ValuEngine cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Cowen set a $21.00 price target on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Sunday, October 29th. Loop Capital decreased their price target on shares of Oceaneering International from $27.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. Jefferies Group set a $18.00 price target on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation acquired a new stake in shares of Oceaneering International in the third quarter worth approximately $100,000. Quantbot Technologies LP acquired a new stake in shares of Oceaneering International in the third quarter worth approximately $103,000. Meeder Asset Management Inc. boosted its position in shares of Oceaneering International by 121.2% in the third quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 2,865 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Oceaneering International in the fourth quarter worth approximately $120,000. Finally, World Asset Management Inc acquired a new stake in shares of Oceaneering International in the third quarter worth approximately $201,000. 99.69% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International (NYSE:OII) opened at $19.72 on Tuesday. Oceaneering International has a twelve month low of $17.11 and a twelve month high of $29.53. The firm has a market cap of $1,940.00, a PE ratio of -103.79 and a beta of 1.43. The company has a current ratio of 2.67, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53.

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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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