Shares of Oceaneering International, Inc. (NYSE:OII – Get Free Report) 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.
View Our Latest Research Report on OII
Institutional Investors Weigh In On Oceaneering International
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 – Get Free Report) 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.
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