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 stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $28.25.

OII has been the topic of several recent analyst reports. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Barclays lowered their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. 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 report on Friday, January 10th. TD Cowen lifted their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a report 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, March 1st.

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Oceaneering International Stock Down 0.7 %

Shares of Oceaneering International stock traded down $0.12 during trading on Thursday, reaching $17.02. The stock had a trading volume of 1,593,188 shares, compared to its average volume of 848,105. Oceaneering International has a 52 week low of $15.86 and a 52 week high of $30.98. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $22.41 and a two-hundred day moving average price of $25.02. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 11.82 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Sell-side analysts predict that Oceaneering International will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Oceaneering International during the 4th quarter valued at approximately $40,000. Millburn Ridgefield Corp purchased a new stake in shares of Oceaneering International in the 3rd quarter valued at $57,000. Tower Research Capital LLC TRC grew its stake in shares of Oceaneering International by 191.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 2,131 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Oceaneering International by 354.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock valued at $104,000 after buying an additional 3,157 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Oceaneering International during the 4th quarter worth approximately $119,000. 93.93% of the stock is currently owned by 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.