Oceaneering International (NYSE:OII) Stock Price Crosses Above 200 Day Moving Average of $21.81

Oceaneering International, Inc. (NYSE:OII - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.81 and traded as high as $23.28. Oceaneering International shares last traded at $22.97, with a volume of 593,962 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on OII. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, April 6th. Barclays reduced their target price on shares of Oceaneering International from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday, February 29th.

Oceaneering International Stock Down 1.9 %

The stock has a market capitalization of $2.28 billion, a P/E ratio of 24.18 and a beta of 2.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.78 and a quick ratio of 1.50. The stock has a fifty day moving average price of $22.18 and a 200 day moving average price of $21.81.

Oceaneering International (NYSE:OII - Get Free Report) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Oceaneering International had a return on equity of 14.00% and a net margin of 4.02%. The company had revenue of $654.60 million during the quarter, compared to the consensus estimate of $624.81 million. During the same quarter in the prior year, the business earned $0.06 EPS. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. On average, research analysts forecast that Oceaneering International, Inc. will post 1.54 earnings per share for the current year.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in Oceaneering International by 6.3% during the second quarter. Ameritas Investment Partners Inc. now owns 8,304 shares of the oil and gas company's stock valued at $155,000 after purchasing an additional 494 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Oceaneering International by 5.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,632 shares of the oil and gas company's stock worth $273,000 after acquiring an additional 510 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of Oceaneering International by 2.4% in the 3rd quarter. Integrated Investment Consultants LLC now owns 21,956 shares of the oil and gas company's stock worth $565,000 after acquiring an additional 518 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Oceaneering International by 5.0% in the 4th quarter. Squarepoint Ops LLC now owns 12,135 shares of the oil and gas company's stock valued at $212,000 after purchasing an additional 575 shares in the last quarter. Finally, Natixis Advisors L.P. grew its holdings in shares of Oceaneering International by 2.0% during the 3rd quarter. Natixis Advisors L.P. now owns 33,859 shares of the oil and gas company's stock valued at $871,000 after purchasing an additional 659 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

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.