Oceaneering International, Inc. (NYSE:OII - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $19.86 and last traded at $19.82, with a volume of 14517 shares changing hands. The stock had previously closed at $20.73.
Wall Street Analyst Weigh In
OII has been the topic of a number of analyst reports. StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Pickering Energy Partners lowered Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. Barclays decreased their price objective on Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Citigroup lowered Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a research note on Friday, January 10th. Finally, TD Cowen raised their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $28.25.
Read Our Latest Stock Analysis on Oceaneering International
Oceaneering International Trading Up 3.8 %
The business has a 50 day simple moving average of $25.02 and a 200-day simple moving average of $25.74. 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 market capitalization of $2.01 billion, a price-to-earnings ratio of 13.86 and a beta of 2.42.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The business had revenue of $713.45 million during 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%. On average, equities analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.
Hedge Funds Weigh In On Oceaneering International
Several hedge funds and other institutional investors have recently modified their holdings of OII. Creative Planning lifted its stake in shares of Oceaneering International by 43.1% in the 3rd quarter. Creative Planning now owns 12,522 shares of the oil and gas company's stock valued at $311,000 after purchasing an additional 3,771 shares in the last quarter. Farther Finance Advisors LLC lifted 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 purchasing an additional 1,905 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Oceaneering International by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 510,880 shares of the oil and gas company's stock valued at $12,706,000 after purchasing an additional 7,037 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Oceaneering International in the 3rd quarter valued at about $6,106,000. Finally, Atria Investments Inc lifted its stake in shares of Oceaneering International by 77.5% in the 3rd quarter. Atria Investments Inc now owns 19,358 shares of the oil and gas company's stock valued at $481,000 after purchasing an additional 8,453 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.
Oceaneering International Company Profile
(
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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