Shares of Oceaneering International, Inc. (NYSE:OII - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $15.46 and last traded at $18.10, with a volume of 2692920 shares traded. The stock had previously closed at $15.95.
Analysts Set New Price Targets
Several research analysts have weighed in on OII shares. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. TD Cowen raised their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price for the company. in a report on Friday, January 10th. Finally, Barclays cut their price target on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Oceaneering International has an average rating of "Hold" and an average price target of $28.25.
Get Our Latest Analysis on OII
Oceaneering International Price Performance
The business has a fifty day moving average price of $21.25 and a 200 day moving average price of $24.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 11.86 and a beta of 1.94.
Oceaneering International (NYSE:OII - Get Free Report) last issued its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (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 company had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. On average, research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.
Institutional Trading of Oceaneering International
Several large investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Oceaneering International in the 4th quarter worth about $40,000. GAMMA Investing LLC boosted its holdings in shares of Oceaneering International by 29.7% during the first quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after purchasing an additional 711 shares during the period. Tower Research Capital LLC TRC grew its position in Oceaneering International by 191.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock valued at $85,000 after purchasing an additional 2,131 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Oceaneering International by 354.7% in the 4th 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Oceaneering International in the 4th quarter worth approximately $119,000. 93.93% of the stock is owned by institutional investors and hedge funds.
About Oceaneering International
(
Get Free Report)
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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