Oceaneering International, Inc. (NYSE:OII) Given Consensus Recommendation of “Hold” by Brokerages

Oceaneering International, Inc. (NYSE:OII) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $28.00.

A number of equities research analysts recently issued reports on the company. Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Barclays dropped their target price on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a research report on Sunday, June 1st.

Hedge Funds Weigh In On Oceaneering International

Large investors have recently bought and sold shares of the company. Inspire Investing LLC increased its stake in shares of Oceaneering International by 7.2% in the first quarter. Inspire Investing LLC now owns 18,352 shares of the oil and gas company’s stock valued at $400,000 after buying an additional 1,240 shares during the period. Rhumbline Advisers increased its stake in shares of Oceaneering International by 0.8% in the first quarter. Rhumbline Advisers now owns 258,594 shares of the oil and gas company’s stock valued at $5,640,000 after buying an additional 2,070 shares during the period. Strs Ohio acquired a new stake in shares of Oceaneering International in the first quarter valued at about $168,000. Intech Investment Management LLC increased its stake 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 buying an additional 31,894 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Oceaneering International by 1.9% in the first quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock valued at $2,634,000 after buying an additional 2,310 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Trading Up 0.0%

NYSE OII opened at $21.42 on Tuesday. The stock has a 50-day simple moving average of $18.94 and a 200 day simple moving average of $22.28. The company has a market capitalization of $2.16 billion, a PE ratio of 14.88 and a beta of 1.48. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. Oceaneering International has a 12 month low of $15.46 and a 12 month high of $30.98.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $674.52 million during 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%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. Research analysts forecast that Oceaneering International will post 1.78 EPS for the current year.

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.