Oceaneering International, Inc. (NYSE:OII) Given Consensus Rating of "Hold" by Analysts

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has received an average recommendation of "Hold" from the five research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $28.25.

Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. Citigroup cut shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research report on Friday, January 10th. TD Cowen upped their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.

Oceaneering International Stock Performance

NYSE OII opened at $17.83 on Monday. The firm has a market cap of $1.80 billion, a P/E ratio of 12.38 and a beta of 1.94. The company's 50 day moving average is $19.87 and its 200-day moving average is $24.09. Oceaneering International has a 12-month low of $15.46 and a 12-month high of $30.98. 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 quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. Sell-side analysts predict that Oceaneering International will post 1.78 earnings per share for the current year.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Advisors LLC increased its holdings in shares of Oceaneering International by 4.9% during the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock valued at $231,000 after acquiring an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Oceaneering International by 0.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock valued at $1,853,000 after purchasing an additional 446 shares during the last quarter. LPL Financial LLC raised its position in Oceaneering International by 0.8% in the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock worth $1,467,000 after acquiring an additional 451 shares during the period. Summit Investment Advisors Inc. lifted its position in Oceaneering International by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock valued at $276,000 after purchasing an additional 584 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock valued at $68,000 after acquiring an additional 711 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

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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