Barclays Has Lowered Expectations for Oceaneering International (NYSE:OII) Stock Price

Oceaneering International (NYSE:OII - Get Free Report) had its price objective decreased by investment analysts at Barclays from $22.00 to $21.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the oil and gas company's stock. Barclays's price target indicates a potential upside of 10.24% from the stock's previous close.

Several other equities analysts have also recently issued reports on OII. TD Cowen lifted their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. StockNews.com lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Citigroup cut Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and one has issued 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 $28.00.

Oceaneering International Price Performance

OII traded up $0.40 during trading on Monday, reaching $19.05. The stock had a trading volume of 635,191 shares, compared to its average volume of 863,736. The stock has a 50 day moving average of $19.44 and a two-hundred day moving average of $23.90. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 13.23 and a beta of 1.94. Oceaneering International has a 1-year low of $15.46 and a 1-year high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The company's revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, equities analysts anticipate that Oceaneering International will post 1.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Oceaneering International

Several institutional investors and hedge funds have recently added to or reduced their stakes in OII. R Squared Ltd acquired a new stake in shares of Oceaneering International in the fourth quarter worth $40,000. GAMMA Investing LLC lifted its stake in Oceaneering International by 29.7% in the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 711 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in 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 acquiring an additional 2,131 shares during the period. Smartleaf Asset Management LLC grew its stake in Oceaneering International by 354.7% during 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 acquiring an additional 3,157 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Oceaneering International in the 4th quarter valued at about $119,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

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.