Oceaneering International (NYSE:OII) has earned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.00.
OII has been the topic of a number of research analyst reports. Citigroup set a $21.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a report on Monday, November 12th. TheStreet cut shares of Oceaneering International from a “c-” rating to a “d+” rating in a report on Tuesday, November 20th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Oceaneering International in a report on Tuesday, October 30th. Barclays cut their target price on shares of Oceaneering International from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, October 29th. Finally, Cowen initiated coverage on shares of Oceaneering International in a report on Saturday, October 13th. They issued a “hold” rating and a $27.00 target price on the stock.
OII stock opened at $16.79 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.10 and a current ratio of 2.50. Oceaneering International has a twelve month low of $16.46 and a twelve month high of $28.62. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -239.86 and a beta of 1.66.
Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. Oceaneering International had a net margin of 1.34% and a negative return on equity of 5.33%. The company had revenue of $519.30 million for the quarter, compared to analysts’ expectations of $492.15 million. As a group, analysts predict that Oceaneering International will post -1.11 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio increased its stake in Oceaneering International by 330.0% in the 3rd quarter. Strs Ohio now owns 4,300 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 3,300 shares during the period. Bessemer Group Inc. acquired a new position in Oceaneering International in the 3rd quarter valued at $136,000. Boys Arnold & Co. Inc. acquired a new position in Oceaneering International in the 2nd quarter valued at $204,000. Meridian Management Co. acquired a new position in Oceaneering International in the 2nd quarter valued at $204,000. Finally, Brown Advisory Inc. acquired a new position in Oceaneering International in the 3rd quarter valued at $221,000.
Oceaneering International Company Profile
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
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