Oceaneering International, Inc. (NYSE:OII) Receives $28.25 Consensus Price Target from Brokerages

Shares of Oceaneering International, Inc. (NYSE:OII) have been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $28.00.

A number of research firms have issued reports on OII. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. TD Cowen lifted their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. Barclays dropped their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

Oceaneering International Stock Performance

Shares of OII opened at $17.75 on Monday. Oceaneering International has a one year low of $15.46 and a one year high of $30.98. The company has a 50-day moving average of $19.51 and a two-hundred day moving average of $23.95. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 12.33 and a beta of 1.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $674.52 million during the quarter, compared to analysts’ expectations of $651.96 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. On average, equities research analysts expect that Oceaneering International will post 1.78 earnings per share for the current year.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. R Squared Ltd acquired a new stake in Oceaneering International during the 4th quarter worth $40,000. GAMMA Investing LLC grew its holdings in Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 711 shares during the period. Tower Research Capital LLC TRC grew its holdings in Oceaneering International by 191.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company’s stock worth $85,000 after acquiring an additional 2,131 shares during the period. Smartleaf Asset Management LLC grew its holdings in Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 3,157 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Oceaneering International during the fourth quarter worth $119,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.