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

Oceaneering International, Inc. (NYSE:OII) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $28.25.

A number of research firms recently weighed in on OII. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday. Barclays increased their price objective on shares of Oceaneering International from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st.

Oceaneering International Trading Up 1.6%

Oceaneering International stock opened at $22.11 on Wednesday. The firm’s 50-day moving average is $21.12 and its 200-day moving average is $21.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.67 and a current ratio of 2.00. Oceaneering International has a 1 year low of $15.46 and a 1 year high of $30.98. The company has a market cap of $2.22 billion, a P/E ratio of 11.17 and a beta of 1.55.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The company had revenue of $698.16 million for the quarter, compared to the consensus estimate of $676.81 million. During the same period last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts expect that Oceaneering International will post 1.78 earnings per share for the current year.

Institutional Trading of Oceaneering International

A number of large investors have recently modified their holdings of OII. LPL Financial LLC grew its stake in shares of Oceaneering International by 0.8% in the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company’s stock worth $1,467,000 after purchasing an additional 451 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Oceaneering International by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 584 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Oceaneering International by 29.7% in the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 711 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Oceaneering International by 9.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company’s stock worth $209,000 after purchasing an additional 840 shares during the last quarter. Finally, Foundry Partners LLC grew its stake in shares of Oceaneering International by 8.5% in the 1st quarter. Foundry Partners LLC now owns 13,918 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 1,096 shares during 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.