Oceaneering International, Inc. (NYSE:OII) Receives Average Recommendation of “Hold” from Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have received an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $28.25.

OII has been the subject of a number of recent research reports. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Friday, January 10th. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. TD Cowen upped their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays decreased their price target on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th.

Institutional Investors Weigh In On Oceaneering International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of Oceaneering International by 87.9% in the 4th quarter. Mackenzie Financial Corp now owns 18,087 shares of the oil and gas company’s stock worth $472,000 after buying an additional 8,459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Oceaneering International by 10.2% during the 4th 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 acquiring an additional 14,822 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Oceaneering International in the 4th quarter valued at $379,000. Teza Capital Management LLC acquired a new position in Oceaneering International in the fourth quarter valued at $528,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Oceaneering International during the 4th quarter worth about $200,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Up 3.2 %

Shares of NYSE OII opened at $20.18 on Friday. Oceaneering International has a 52-week low of $18.87 and a 52-week high of $30.98. The business’s 50 day moving average is $24.21 and its two-hundred day moving average is $25.44. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 14.01 and a beta of 2.42. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

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

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.