Jefferies Group upgraded shares of Oceaneering International (NYSE:OII) from an underperform rating to a hold rating in a research report released on Wednesday morning, Marketbeat.com reports. They currently have $19.00 target price on the oil and gas company’s stock, up from their prior target price of $18.82.
Other analysts have also recently issued reports about the stock. Royal Bank of Canada set a $22.00 target price on shares of Oceaneering International and gave the stock a buy rating in a research note on Thursday, December 21st. Barclays reissued an equal weight rating on shares of Oceaneering International in a research note on Tuesday, February 27th. Capital One Financial cut shares of Oceaneering International from an overweight rating to an equal weight rating in a research note on Thursday, November 16th. Cowen set a $27.00 price objective on shares of Oceaneering International and gave the company a hold rating in a research note on Thursday, January 11th. Finally, Loop Capital lowered their price objective on shares of Oceaneering International from $21.00 to $19.00 and set a hold rating for the company in a research note on Tuesday, February 27th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. Oceaneering International presently has an average rating of Hold and a consensus target price of $21.97.
Oceaneering International (NYSE OII) opened at $19.14 on Wednesday. The stock has a market capitalization of $1,853.02, a P/E ratio of 11.39 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.23 and a current ratio of 2.72. Oceaneering International has a 12-month low of $17.11 and a 12-month high of $28.21.
Oceaneering International (NYSE:OII) last released its earnings results on Thursday, February 22nd. The oil and gas company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The firm had revenue of $484.20 million during the quarter, compared to analysts’ expectations of $435.90 million. Oceaneering International had a net margin of 8.66% and a negative return on equity of 0.49%. Oceaneering International’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 EPS. analysts predict that Oceaneering International will post -0.56 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in OII. Zions Bancorporation purchased a new stake in Oceaneering International during the 3rd quarter worth $100,000. Quantbot Technologies LP acquired a new position in Oceaneering International in the 3rd quarter worth $103,000. Amundi Pioneer Asset Management Inc. acquired a new position in Oceaneering International in the 4th quarter worth $112,000. State of Alaska Department of Revenue acquired a new position in Oceaneering International in the 4th quarter worth $120,000. Finally, Teacher Retirement System of Texas acquired a new position in Oceaneering International in the 3rd quarter worth $214,000. 99.44% of the stock is owned by hedge funds and other institutional investors.
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Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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