Oceaneering International (NYSE:OII) Upgraded to “Neutral” at Pickering Energy Partners

Oceaneering International (NYSE:OII) was upgraded by stock analysts at Pickering Energy Partners from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports.

Other equities research analysts have also issued research reports about the company. Barclays reduced their price target on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Citigroup downgraded 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 report on Friday, January 10th. Finally, TD Cowen boosted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Oceaneering International Trading Up 2.1 %

OII opened at $22.27 on Wednesday. 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 has a fifty-two week low of $18.87 and a fifty-two week high of $30.98. The company’s 50 day moving average price is $22.98 and its two-hundred day moving average price is $25.19. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 15.47 and a beta of 2.42.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results 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 business had revenue of $713.45 million for 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%. As a group, research analysts predict that Oceaneering International will post 1.78 earnings per share for the current year.

Institutional Investors Weigh In On Oceaneering International

Several large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC acquired a new position in Oceaneering International in the fourth quarter valued at approximately $475,000. Mackenzie Financial Corp increased its stake in shares of Oceaneering International by 87.9% in the 4th quarter. Mackenzie Financial Corp now owns 18,087 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 8,459 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Oceaneering International by 10.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 160,599 shares of the oil and gas company’s stock valued at $4,188,000 after acquiring an additional 14,822 shares during the period. iSAM Funds UK Ltd bought a new position in Oceaneering International during the fourth quarter worth $379,000. Finally, Teza Capital Management LLC acquired a new stake in Oceaneering International in the fourth quarter worth $528,000. 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.