Oceaneering International, Inc. (NYSE:OII) Receives $28.00 Consensus PT from Analysts

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

OII has been the subject of a number of analyst reports. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Sunday, June 1st. Barclays reduced their price target on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd.

Oceaneering International Price Performance

Shares of Oceaneering International stock opened at $21.55 on Tuesday. The stock’s 50-day simple moving average is $19.19 and its 200-day simple moving average is $22.21. Oceaneering International has a 52 week low of $15.46 and a 52 week high of $30.98. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 12.11 and a beta of 1.48. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.62.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $674.52 million for the quarter, compared to analysts’ expectations of $651.96 million. Oceaneering International had a return on equity of 20.59% and a net margin of 6.68%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, analysts expect that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oceaneering International

Several hedge funds have recently modified their holdings of the company. Savant Capital LLC boosted its holdings in Oceaneering International by 20.8% in the 4th quarter. Savant Capital LLC now owns 9,824 shares of the oil and gas company’s stock worth $256,000 after buying an additional 1,689 shares during the last quarter. Rhumbline Advisers boosted its holdings in Oceaneering International by 1.8% in the 4th quarter. Rhumbline Advisers now owns 256,524 shares of the oil and gas company’s stock worth $6,690,000 after buying an additional 4,530 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Oceaneering International by 5.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 76,417 shares of the oil and gas company’s stock worth $1,993,000 after buying an additional 3,785 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Oceaneering International by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock worth $13,748,000 after purchasing an additional 16,269 shares during the last quarter. Finally, Keating Investment Counselors Inc. boosted its holdings in shares of Oceaneering International by 0.3% during the 4th quarter. Keating Investment Counselors Inc. now owns 393,033 shares of the oil and gas company’s stock worth $10,250,000 after purchasing an additional 1,300 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Company Profile

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.