Oceaneering International (NYSE:OII) Upgraded at StockNews.com

Oceaneering International (NYSE:OII) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

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

Oceaneering International Trading Down 6.8 %

Shares of NYSE:OII traded down $1.64 during mid-day trading on Friday, hitting $22.52. The stock had a trading volume of 1,239,197 shares, compared to its average volume of 723,950. Oceaneering International has a 12-month low of $19.68 and a 12-month high of $30.98. 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 company has a market cap of $2.28 billion, a PE ratio of 15.64 and a beta of 2.38. The company’s 50 day moving average is $25.68 and its 200-day moving average is $26.05.

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

Institutional Trading of Oceaneering International

Several large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its holdings in Oceaneering International by 87.9% in the fourth quarter. Mackenzie Financial Corp now owns 18,087 shares of the oil and gas company’s stock worth $472,000 after purchasing an additional 8,459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Oceaneering International by 10.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 160,599 shares of the oil and gas company’s stock worth $4,188,000 after buying an additional 14,822 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Oceaneering International during the 4th quarter worth about $379,000. Teza Capital Management LLC bought a new position in shares of Oceaneering International in the 4th quarter valued at approximately $528,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Oceaneering International in the 4th quarter worth approximately $200,000. 93.93% of the stock is owned by 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.