Oceaneering International, Inc. (NYSE:OII) Receives Consensus Recommendation of "Hold" from Brokerages

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has been assigned an average recommendation of "Hold" from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $29.25.

Several equities research analysts have recently commented on the company. Citigroup lowered Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research note on Friday, January 10th. Benchmark reaffirmed a "buy" rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th. Pickering Energy Partners lowered shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 14th. TD Cowen lifted their price target 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 raised shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th.

Oceaneering International Stock Performance

OII stock traded up $0.16 on Friday, hitting $26.84. The company had a trading volume of 270,293 shares, compared to its average volume of 722,012. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 20.33 and a beta of 2.41. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The stock's 50-day simple moving average is $27.11 and its 200 day simple moving average is $26.25. Oceaneering International has a 12-month low of $19.68 and a 12-month high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.08). The firm had revenue of $679.81 million during the quarter, compared to analysts' expectations of $693.69 million. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, equities research analysts expect that Oceaneering International will post 1.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oceaneering International

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in Oceaneering International by 10.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,885 shares of the oil and gas company's stock valued at $6,314,000 after purchasing an additional 24,283 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Oceaneering International by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,705,341 shares of the oil and gas company's stock worth $64,003,000 after purchasing an additional 43,941 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Oceaneering International in the second quarter worth about $317,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Oceaneering International by 9.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,500 shares of the oil and gas company's stock valued at $272,000 after buying an additional 1,013 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Oceaneering International in the 2nd quarter valued at about $515,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.