Oceaneering International (NYSE:OII) Lowered to Hold Rating by StockNews.com

Oceaneering International (NYSE:OII - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

OII has been the subject of several other research reports. Pickering Energy Partners cut 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 target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Barclays upgraded shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. Finally, Citigroup cut shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $29.25.

Remove Ads

Oceaneering International Stock Performance

NYSE:OII traded down $0.59 during trading hours on Friday, reaching $20.15. 995,258 shares of the company's stock were exchanged, compared to its average volume of 798,616. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 13.99 and a beta of 2.38. The company has a 50-day moving average of $25.24 and a 200 day moving average of $25.82. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Oceaneering International has a 1-year low of $19.62 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share 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 business had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Research analysts anticipate that Oceaneering International will post 1.78 EPS for the current year.

Hedge Funds Weigh In On Oceaneering International

Large investors have recently made changes to their positions in the stock. Inspire Advisors LLC increased its holdings in Oceaneering International by 4.9% during 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 in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Oceaneering International by 0.6% during 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 in the last quarter. LPL Financial LLC increased its holdings in Oceaneering International by 0.8% during 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 in the last quarter. Captrust Financial Advisors increased its holdings 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 acquiring an additional 578 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in Oceaneering International by 5.8% during 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 in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

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.