Oceaneering International (NYSE:OII) Shares Gap Up to $23.05

Oceaneering International, Inc. (NYSE:OII - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $23.05, but opened at $23.91. Oceaneering International shares last traded at $22.99, with a volume of 397,988 shares traded.

Analyst Upgrades and Downgrades

OII has been the subject of a number of research reports. Benchmark restated a "buy" rating and set a $34.00 target price on shares of Oceaneering International in a research report on Thursday. StockNews.com upgraded shares of Oceaneering International from a "hold" rating to a "buy" rating in a research report on Thursday, April 18th. Finally, Barclays dropped 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 report on Thursday, February 29th.

Oceaneering International Trading Up 6.5 %

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's 50-day moving average is $22.49 and its two-hundred day moving average is $21.79. The stock has a market cap of $2.49 billion, a P/E ratio of 25.84 and a beta of 2.49.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.16). Oceaneering International had a net margin of 4.02% and a return on equity of 14.00%. The business had revenue of $599.09 million for the quarter, compared to the consensus estimate of $613.58 million. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.54 EPS for the current year.

Hedge Funds Weigh In On Oceaneering International

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Oceaneering International by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 12,461,454 shares of the oil and gas company's stock valued at $265,180,000 after purchasing an additional 246,067 shares during the last quarter. FMR LLC lifted its position in Oceaneering International by 18.9% during the third quarter. FMR LLC now owns 4,437,560 shares of the oil and gas company's stock valued at $114,134,000 after purchasing an additional 705,534 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Oceaneering International by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,662,198 shares of the oil and gas company's stock valued at $56,654,000 after purchasing an additional 34,181 shares during the last quarter. Franklin Resources Inc. lifted its position in Oceaneering International by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 1,696,601 shares of the oil and gas company's stock valued at $36,104,000 after purchasing an additional 19,966 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Oceaneering International by 79.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,660,361 shares of the oil and gas company's stock worth $42,704,000 after acquiring an additional 734,518 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

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.