Oceaneering International, Inc. (NYSE:OII) Receives Consensus Rating of “Hold” from Brokerages

Shares of Oceaneering International, Inc. (NYSE:OII) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $28.25.

Several research analysts have recently issued reports on the stock. Barclays decreased their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Friday, January 10th. Pickering Energy Partners upgraded shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 2nd. StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, TD Cowen raised their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th.

Hedge Funds Weigh In On Oceaneering International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Oceaneering International in the 4th quarter worth approximately $40,000. Millburn Ridgefield Corp acquired a new position in Oceaneering International in the 3rd quarter worth approximately $57,000. Tower Research Capital LLC TRC boosted its stake in Oceaneering International by 191.5% in 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 purchasing an additional 2,131 shares during the period. Smartleaf Asset Management LLC boosted its stake in Oceaneering International by 354.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 3,157 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Oceaneering International in the 4th quarter worth approximately $119,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $18.10 on Thursday. The firm’s 50 day moving average is $21.76 and its two-hundred day moving average is $24.78. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.83 billion, a P/E ratio of 12.57 and a beta of 1.94. Oceaneering International has a 52 week low of $15.46 and a 52 week high of $30.98.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. Analysts anticipate that Oceaneering International will post 1.78 earnings per share for the current year.

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.