Oceaneering International (NYSE:OII) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Oceaneering International (NYSE:OII - Free Report) from a hold rating to a buy rating in a research note published on Friday morning.

OII has been the subject of several other reports. Benchmark reissued a "buy" rating and set a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. Barclays raised shares of Oceaneering International from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. 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. Citigroup lowered 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, TD Cowen increased their price target on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Oceaneering International currently has an average rating of "Hold" and an average target price of $29.25.

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Oceaneering International Price Performance

Shares of OII stock traded up $0.11 during trading hours on Friday, reaching $22.20. 1,454,590 shares of the company were exchanged, compared to its average volume of 755,672. 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 cap of $2.24 billion, a price-to-earnings ratio of 15.41 and a beta of 2.38. The stock's fifty day moving average is $25.62 and its two-hundred day moving average is $26.04. Oceaneering International has a fifty-two week low of $19.68 and a fifty-two week high of $30.98.

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

Institutional Investors Weigh In On Oceaneering International

Several large investors have recently bought and sold shares of OII. Inspire Advisors LLC boosted its position in shares of Oceaneering International by 4.9% during the fourth quarter. Inspire Advisors LLC now owns 8,848 shares of the oil and gas company's stock worth $231,000 after purchasing an additional 411 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake 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 worth $1,853,000 after buying an additional 446 shares during the period. LPL Financial LLC lifted its holdings in Oceaneering International by 0.8% during the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock worth $1,467,000 after acquiring an additional 451 shares in the last quarter. Captrust Financial Advisors grew its stake in Oceaneering International by 3.9% in the third 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 fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock worth $276,000 after acquiring an additional 584 shares in the last quarter. 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.