Oceaneering International, Inc. (NYSE:OII) Receives Average Rating of “Hold” from Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

A number of analysts have commented on OII shares. Barclays reduced their price target on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 2nd. Finally, Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Oceaneering International Stock Up 0.4%

OII stock opened at $18.98 on Friday. Oceaneering International has a fifty-two week low of $15.46 and a fifty-two week high of $30.98. The business’s 50-day moving average is $19.08 and its two-hundred day moving average is $23.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 13.18 and a beta of 1.54.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Oceaneering International’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. As a group, analysts forecast that Oceaneering International will post 1.78 earnings per share for the current year.

Hedge Funds Weigh In On Oceaneering International

A number of hedge funds have recently made changes to their positions in OII. Intech Investment Management LLC grew its position in shares of Oceaneering International by 51.7% in the first quarter. Intech Investment Management LLC now owns 93,627 shares of the oil and gas company’s stock valued at $2,042,000 after purchasing an additional 31,894 shares in the last quarter. Empowered Funds LLC lifted its stake in Oceaneering International by 1.9% during the first quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock worth $2,634,000 after purchasing an additional 2,310 shares in the last quarter. Aristeia Capital L.L.C. lifted its stake in Oceaneering International by 12.5% during the first quarter. Aristeia Capital L.L.C. now owns 15,842 shares of the oil and gas company’s stock worth $346,000 after purchasing an additional 1,761 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Oceaneering International by 28.2% during the first quarter. Dynamic Technology Lab Private Ltd now owns 13,680 shares of the oil and gas company’s stock worth $298,000 after purchasing an additional 3,010 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Oceaneering International by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,154 shares of the oil and gas company’s stock worth $1,312,000 after purchasing an additional 2,633 shares in the last quarter. 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.