Oceaneering International (NYSE:OII – Get Free Report)‘s stock had its “buy” rating restated by Benchmark in a report released on Thursday, Benzinga reports. They presently have a $34.00 price objective on the oil and gas company’s stock. Benchmark’s price target points to a potential upside of 36.55% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. StockNews.com raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays reduced their price target on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 29th.
View Our Latest Analysis on OII
Oceaneering International Price Performance
Oceaneering International (NYSE:OII – Get Free Report) last announced its earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). The firm had revenue of $599.09 million for the quarter, compared to the consensus estimate of $613.58 million. Oceaneering International had a return on equity of 15.10% and a net margin of 4.36%. On average, analysts anticipate that Oceaneering International will post 1.54 earnings per share for the current year.
Institutional Investors Weigh In On Oceaneering International
Large investors have recently modified their holdings of the business. Neo Ivy Capital Management acquired a new stake in shares of Oceaneering International in the 4th quarter valued at $44,000. Pineridge Advisors LLC acquired a new stake in shares of Oceaneering International in the 4th quarter valued at $44,000. Exchange Traded Concepts LLC acquired a new stake in shares of Oceaneering International in the 3rd quarter valued at $93,000. Meridian Management Co. acquired a new stake in shares of Oceaneering International during the 3rd quarter valued at $206,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Oceaneering International during the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 93.93% of the company’s stock.
About Oceaneering International
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.
Further Reading
- Five stocks we like better than Oceaneering International
- Investing In Preferred Stock vs. Common Stock
- 3 Stocks Leading the U.S. Agriculture Comeback
- 3 Warren Buffett Stocks to Buy Now
- How to Use Put Debit Spreads to Profit From Falling Stocks
- With Risk Tolerance, One Size Does Not Fit All
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.