Brokerages Set Oceaneering International, Inc. (NYSE:OII) Target Price at $29.25

Oceaneering International, Inc. (NYSE:OII) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $29.25.

A number of brokerages recently commented on OII. Benchmark restated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a research report 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 on the stock. in a research report on Friday, January 10th. Finally, TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th.

Institutional Investors Weigh In On Oceaneering International

Several institutional investors and hedge funds have recently made changes to their positions in OII. Lido Advisors LLC raised its position in Oceaneering International by 37.4% during the fourth quarter. Lido Advisors LLC now owns 11,397 shares of the oil and gas company’s stock worth $297,000 after acquiring an additional 3,101 shares during the last quarter. Northern Trust Corp raised its position in shares of Oceaneering International by 19.4% during the 4th quarter. Northern Trust Corp now owns 1,230,886 shares of the oil and gas company’s stock worth $32,102,000 after purchasing an additional 200,183 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in Oceaneering International in the 4th quarter valued at approximately $265,000. Nebula Research & Development LLC acquired a new stake in Oceaneering International during the 4th quarter valued at $211,000. Finally, Brasada Capital Management LP purchased a new position in Oceaneering International during the fourth quarter worth $494,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Stock Up 0.3 %

Shares of Oceaneering International stock opened at $25.42 on Wednesday. Oceaneering International has a one year low of $19.68 and a one year high of $30.98. The company has a market cap of $2.57 billion, a P/E ratio of 19.25 and a beta of 2.38. 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 firm has a fifty day moving average of $25.88 and a two-hundred day moving average of $26.12.

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.