Barclays Has Lowered Expectations for Oceaneering International (NYSE:OII) Stock Price

Oceaneering International (NYSE:OII - Get Free Report) had its target price reduced by Barclays from $26.00 to $22.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the oil and gas company's stock. Barclays's price target points to a potential upside of 12.33% from the stock's previous close.

OII has been the topic of a number of other reports. 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. Citigroup downgraded Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a report on Friday, January 10th. TD Cowen lifted their target price on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $28.25.

Oceaneering International Trading Down 2.8 %

OII stock opened at $19.59 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 13.60 and a beta of 2.38. The business has a fifty day moving average price of $25.24 and a 200 day moving average price of $25.82. Oceaneering International has a fifty-two week low of $19.62 and a fifty-two week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its 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 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%. Analysts expect that Oceaneering International will post 1.78 EPS for the current fiscal year.

Institutional Trading of Oceaneering International

Several hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of Oceaneering International in the fourth quarter worth about $40,000. Farther Finance Advisors LLC boosted its position in shares of 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 during the period. Millburn Ridgefield Corp acquired a new position in Oceaneering International during the 3rd quarter worth approximately $57,000. Tower Research Capital LLC TRC grew its position in Oceaneering International by 191.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock valued at $85,000 after purchasing an additional 2,131 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake 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 worth $104,000 after buying an additional 3,157 shares during the last quarter. Institutional investors and hedge funds 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.

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