Brokerages Set Oceaneering International, Inc. (NYSE:OII) PT at $28.25

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has earned an average rating of "Hold" from the five ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.25.

Several brokerages have recently weighed in on OII. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. TD Cowen lifted their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Citigroup cut Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a research note on Friday, January 10th. Barclays lowered their target price 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. Finally, Pickering Energy Partners cut shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 14th.

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Institutional Trading of Oceaneering International

A number of institutional investors have recently bought and sold shares of OII. Inspire Advisors LLC raised 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 worth $231,000 after buying an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Oceaneering International by 0.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,032 shares of the oil and gas company's stock worth $1,853,000 after acquiring an additional 446 shares during the last quarter. LPL Financial LLC raised its stake in Oceaneering International by 0.8% in the 4th 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 last quarter. Captrust Financial Advisors grew its stake in Oceaneering International by 3.9% during the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock valued at $380,000 after purchasing an additional 578 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Oceaneering International by 5.8% in 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 during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Trading Down 3.3 %

OII traded down $0.66 during trading on Friday, reaching $19.30. The company had a trading volume of 584,904 shares, compared to its average volume of 831,556. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The business has a 50 day simple moving average of $24.91 and a 200-day simple moving average of $25.68. The stock has a market cap of $1.94 billion, a P/E ratio of 13.40 and a beta of 2.42. Oceaneering International has a 52 week low of $19.01 and a 52 week high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $713.45 million for the quarter, compared to analysts' expectations of $681.60 million. On average, equities analysts anticipate that Oceaneering International will post 1.78 EPS for the current fiscal year.

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.