TD Cowen Raises Oceaneering International (NYSE:OII) Price Target to $27.00

Oceaneering International (NYSE:OII - Get Free Report) had its price target raised by stock analysts at TD Cowen from $26.00 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the oil and gas company's stock. TD Cowen's price objective would suggest a potential downside of 0.30% from the company's previous close.

A number of other analysts also recently issued reports on the stock. Barclays raised shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. Benchmark restated a "buy" rating and issued a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Oceaneering International has a consensus rating of "Hold" and a consensus target price of $28.75.

Oceaneering International Stock Performance

Shares of NYSE OII traded down $0.85 during mid-day trading on Wednesday, hitting $27.08. The stock had a trading volume of 567,005 shares, compared to its average volume of 624,821. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The company has a 50 day moving average of $27.14 and a two-hundred day moving average of $26.05. The firm has a market cap of $2.74 billion, a PE ratio of 20.52 and a beta of 2.41. Oceaneering International has a twelve month low of $18.95 and a twelve month high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). The business had revenue of $679.81 million during the quarter, compared to analysts' expectations of $693.69 million. Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The firm's revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. Research analysts predict that Oceaneering International will post 1.4 EPS for the current fiscal year.

Institutional Trading of Oceaneering International

Large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in Oceaneering International during the second quarter worth about $38,000. Farther Finance Advisors LLC grew its stake in shares of Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company's stock valued at $49,000 after buying an additional 1,905 shares during the period. Millburn Ridgefield Corp acquired a new position in Oceaneering International in the third quarter valued at approximately $57,000. GAMMA Investing LLC grew its position in Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 1,412 shares during the period. Finally, CWM LLC grew its position in Oceaneering International by 165.5% in the third quarter. CWM LLC now owns 6,935 shares of the oil and gas company's stock worth $172,000 after acquiring an additional 4,323 shares during the period. 93.93% of the stock is currently owned by hedge funds and other 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.