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

Shares of Oceaneering International, Inc. (NYSE:OII) have earned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $28.25.

Several research analysts recently weighed in on OII shares. Barclays cut their price target on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday. Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a 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 on the stock. in a report on Friday, January 10th. TD Cowen boosted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, StockNews.com cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OII. Brown Advisory Inc. boosted its stake in Oceaneering International by 22.5% in the fourth quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company’s stock valued at $133,782,000 after acquiring an additional 941,849 shares during the last quarter. FIL Ltd bought a new stake in shares of Oceaneering International in the fourth quarter valued at approximately $18,864,000. American Century Companies Inc. raised its position in shares of Oceaneering International by 14.3% in the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock valued at $74,112,000 after purchasing an additional 355,290 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Oceaneering International in the fourth quarter valued at approximately $8,490,000. Finally, Loomis Sayles & Co. L P raised its position in shares of Oceaneering International by 14.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company’s stock valued at $54,925,000 after purchasing an additional 267,230 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Oceaneering International Trading Up 3.8 %

NYSE:OII opened at $19.95 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The firm has a 50-day moving average of $24.91 and a 200-day moving average of $25.68. The company has a market cap of $2.01 billion, a PE ratio of 13.86 and a beta of 2.42. Oceaneering International has a one year low of $19.01 and a one year high of $30.98.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. As a group, equities research analysts expect that Oceaneering International will post 1.78 EPS for the current fiscal year.

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.