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

Shares of Oceaneering International, Inc. (NYSE:OII) have been assigned an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $25.00.

A number of research analysts recently commented on the company. Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday, December 1st. Barclays boosted their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. TD Cowen upped their price target on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 3rd. Finally, Citigroup lifted their price objective on shares of Oceaneering International from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th.

Oceaneering International Stock Up 0.3%

NYSE OII opened at $27.01 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.68 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 11.80 and a beta of 1.29. The company has a 50 day moving average of $23.92 and a 200-day moving average of $22.79. Oceaneering International has a 1-year low of $15.46 and a 1-year high of $28.31.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. The business had revenue of $742.90 million for the quarter, compared to the consensus estimate of $709.48 million. Oceaneering International had a return on equity of 22.94% and a net margin of 8.21%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, equities research analysts expect that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Oceaneering International

Several institutional investors and hedge funds have recently modified their holdings of OII. Salomon & Ludwin LLC bought a new position in Oceaneering International in the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Oceaneering International in the third quarter worth about $28,000. Quarry LP acquired a new stake in shares of Oceaneering International in the 3rd quarter valued at approximately $30,000. SBI Securities Co. Ltd. grew its holdings in shares of Oceaneering International by 255.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 1,000 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

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.