Oceaneering International (NYSE:OII) Stock Rating Upgraded by StockNews.com

Oceaneering International (NYSE:OII) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other research firms have also recently weighed in on OII. Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Friday, January 10th. Benchmark reissued a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th. Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. TD Cowen increased their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oceaneering International has a consensus rating of “Hold” and an average price target of $29.25.

Oceaneering International Price Performance

NYSE OII opened at $22.52 on Friday. The company has a market cap of $2.28 billion, a P/E ratio of 15.64 and a beta of 2.38. Oceaneering International has a 1 year low of $19.68 and a 1 year high of $30.98. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $25.68 and a 200 day simple moving average of $26.06.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. On average, sell-side analysts predict that Oceaneering International will post 1.78 EPS for the current year.

Hedge Funds Weigh In On Oceaneering International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in Oceaneering International in the fourth quarter worth about $40,000. Farther Finance Advisors LLC grew its stake in shares of Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,905 shares during the period. Millburn Ridgefield Corp acquired a new position in shares of Oceaneering International in the 3rd quarter worth approximately $57,000. Tower Research Capital LLC TRC lifted its position in shares of Oceaneering International by 191.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company’s stock worth $85,000 after buying an additional 2,131 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Oceaneering International by 354.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 3,157 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

Oceaneering International Company Profile

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.