Oceaneering International (OII) Receives Average Recommendation of “Hold” from Analysts

Oceaneering International (NYSE:OII) has been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.75.

OII has been the subject of a number of research analyst reports. SunTrust Banks set a $19.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Goldman Sachs Group initiated coverage on shares of Oceaneering International in a research report on Sunday, March 10th. They set a “neutral” rating and a $18.00 price objective for the company. ValuEngine raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Citigroup set a $17.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a research report on Tuesday, February 26th.

Shares of NYSE:OII traded down $0.06 during midday trading on Monday, hitting $16.34. The stock had a trading volume of 1,175,533 shares, compared to its average volume of 1,115,400. Oceaneering International has a 12 month low of $10.74 and a 12 month high of $28.62. The company has a current ratio of 2.44, a quick ratio of 2.03 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1.62 billion, a PE ratio of -23.01 and a beta of 2.07.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Monday, April 29th. The oil and gas company reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.21. Oceaneering International had a negative net margin of 9.46% and a negative return on equity of 3.64%. The firm had revenue of $493.89 million during the quarter, compared to analysts’ expectations of $466.33 million. During the same period in the previous year, the business posted ($0.41) earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, equities analysts predict that Oceaneering International will post -0.73 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in shares of Oceaneering International by 4.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 16,588 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 700 shares during the period. Arizona State Retirement System boosted its position in shares of Oceaneering International by 1.1% in the fourth quarter. Arizona State Retirement System now owns 70,721 shares of the oil and gas company’s stock valued at $856,000 after acquiring an additional 758 shares during the period. Retirement Systems of Alabama boosted its position in shares of Oceaneering International by 0.7% in the first quarter. Retirement Systems of Alabama now owns 128,661 shares of the oil and gas company’s stock valued at $2,029,000 after acquiring an additional 906 shares during the period. Mason Street Advisors LLC boosted its position in shares of Oceaneering International by 1.8% in the first quarter. Mason Street Advisors LLC now owns 52,559 shares of the oil and gas company’s stock valued at $829,000 after acquiring an additional 947 shares during the period. Finally, Bbva Compass Bancshares Inc. boosted its position in shares of Oceaneering International by 12.7% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 10,049 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 1,131 shares during the period. 96.74% of the stock is owned by institutional investors.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Analyst Recommendations for Oceaneering International (NYSE:OII)

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