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

Oceaneering International, Inc. (NYSE:OII) has been given a consensus rating of “Hold” by the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $29.25.

OII has been the topic of a number of research reports. Barclays raised shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $22.00 to $26.00 in a research report on Wednesday, December 18th. TD Cowen lifted their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, January 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th.

Institutional Investors Weigh In On Oceaneering International

A number of institutional investors have recently added to or reduced their stakes in the stock. Congress Asset Management Co. purchased a new stake in shares of Oceaneering International during the third quarter worth $38,819,000. American Century Companies Inc. increased its holdings in shares of Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock worth $74,112,000 after buying an additional 355,290 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Oceaneering International by 191.7% during the 4th quarter. Fisher Asset Management LLC now owns 386,068 shares of the oil and gas company’s stock worth $10,069,000 after purchasing an additional 253,705 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Oceaneering International during the third quarter valued at about $6,106,000. Finally, Loomis Sayles & Co. L P raised its position in Oceaneering International by 12.6% in the third quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock valued at $45,730,000 after purchasing an additional 206,458 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Stock Up 1.1 %

Shares of NYSE OII opened at $25.67 on Wednesday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 19.45 and a beta of 2.38. Oceaneering International has a 12-month low of $19.68 and a 12-month high of $30.98. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $26.05 and its 200-day moving average price is $26.21.

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.