Oceaneering International (NYSE:OII) Hits New 1-Year Low - Time to Sell?

Oceaneering International, Inc. (NYSE:OII - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $18.87 and last traded at $19.23, with a volume of 855268 shares trading hands. The stock had previously closed at $19.95.

Wall Street Analysts Forecast Growth

OII has been the subject of several recent research reports. 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 note on Wednesday, March 5th. Pickering Energy Partners lowered shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. TD Cowen raised their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Citigroup lowered shares of 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. Finally, StockNews.com lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Oceaneering International currently has an average rating of "Hold" and an average target price of $28.25.

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Oceaneering International Stock Up 2.6 %

The firm has a market cap of $2.02 billion, a PE ratio of 13.93 and a beta of 2.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The firm's 50-day moving average price is $24.51 and its two-hundred day moving average price is $25.54.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $713.45 million for the quarter, compared to analysts' expectations of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, equities research analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Institutional Trading of Oceaneering International

Institutional investors have recently modified their holdings of the stock. Inspire Advisors LLC increased its holdings in shares of Oceaneering International by 4.9% in the 4th 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 during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of 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 valued at $1,853,000 after acquiring an additional 446 shares during the period. LPL Financial LLC increased its holdings in shares of 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 valued at $1,467,000 after acquiring an additional 451 shares during the period. Captrust Financial Advisors increased its holdings in shares of Oceaneering International by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company's stock valued at $380,000 after acquiring an additional 578 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Oceaneering International by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock valued at $276,000 after acquiring an additional 584 shares during the period. Hedge funds and other institutional investors own 93.93% of the company's stock.

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.