Oceaneering International (NYSE:OII) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Oceaneering International (NYSE:OII) from a hold rating to a buy rating in a research report report published on Friday.

A number of other analysts also recently issued reports on OII. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Friday, January 10th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. TD Cowen boosted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.25.

Oceaneering International Trading Down 6.8 %

NYSE:OII opened at $22.52 on Friday. Oceaneering International has a 52 week low of $19.68 and a 52 week high of $30.98. The firm has a 50-day moving average price of $25.68 and a two-hundred day moving average price of $26.05. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 15.64 and a beta of 2.38.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.66% and a net margin of 5.54%. The business had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. On average, equities analysts expect that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Oceaneering International during the 4th quarter valued at $40,000. Farther Finance Advisors LLC grew its position in Oceaneering International by 3,594.3% during the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,905 shares in the last quarter. Millburn Ridgefield Corp bought a new position in Oceaneering International in the 3rd quarter worth about $57,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $85,000 after acquiring an additional 2,131 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of 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 valued at $104,000 after acquiring an additional 3,157 shares during the last quarter. Institutional investors 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.