StockNews.com Downgrades Oceaneering International (NYSE:OII) to Hold

StockNews.com cut shares of Oceaneering International (NYSE:OII) from a buy rating to a hold rating in a research report released on Saturday.

Several other analysts have also weighed in on OII. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $22.00 to $26.00 in a report on Wednesday, December 18th. Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. Finally, TD Cowen upped their target price on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.25.

Oceaneering International Trading Down 2.3 %

Shares of OII stock opened at $22.09 on Friday. The business’s fifty day moving average price is $25.42 and its 200 day moving average price is $25.92. Oceaneering International has a 1-year low of $19.68 and a 1-year high of $30.98. The firm has a market capitalization of $2.45 billion, a PE ratio of 15.34 and a beta of 2.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data 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. As a group, sell-side analysts forecast that Oceaneering International will post 1.78 EPS for the current fiscal year.

Institutional Trading of Oceaneering International

Large investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Oceaneering International during the fourth quarter valued at $40,000. Farther Finance Advisors LLC boosted its stake in shares of Oceaneering International by 3,594.3% during the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 1,905 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of Oceaneering International during the third quarter valued at $57,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 2,131 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 3,157 shares during the last quarter. Institutional investors and hedge funds 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.