Oceaneering International, Inc. (NYSE:OII) Receives $29.25 Consensus Target Price from Analysts

Shares of Oceaneering International, Inc. (NYSE:OII - Get Free Report) have been given a consensus recommendation of "Hold" by the five research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $29.25.

A number of equities research analysts recently weighed in on the stock. Benchmark reissued a "buy" rating and set a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a research note on Friday, January 10th. Barclays raised shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. Pickering Energy Partners downgraded shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. Finally, TD Cowen boosted 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Advisors LLC boosted its holdings in shares of Oceaneering International by 4.9% in the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock valued at $231,000 after buying an additional 411 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Oceaneering International by 0.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock worth $1,853,000 after purchasing an additional 446 shares during the last quarter. LPL Financial LLC boosted its holdings in Oceaneering International by 0.8% during the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock worth $1,467,000 after purchasing an additional 451 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Oceaneering International by 3.9% during the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock worth $380,000 after purchasing an additional 578 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Oceaneering International by 5.8% during the fourth quarter. Ameritas Investment Partners Inc. now owns 10,575 shares of the oil and gas company's stock worth $276,000 after purchasing an additional 584 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Oceaneering International Price Performance

Shares of NYSE OII traded up $0.09 during trading on Wednesday, reaching $25.42. The company had a trading volume of 455,934 shares, compared to its average volume of 682,662. Oceaneering International has a 52 week low of $19.68 and a 52 week high of $30.98. The stock has a market cap of $2.57 billion, a PE ratio of 19.25 and a beta of 2.38. 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 business's 50 day moving average price is $25.88 and its 200-day moving average price is $26.15.

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.