Oceaneering International, Inc. (NYSE:OII) Given Consensus Rating of "Hold" by Analysts

Shares of Oceaneering International, Inc. (NYSE:OII - Get Free Report) have earned an average recommendation of "Hold" from the five brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.00.

A number of equities research analysts have recently weighed in on the stock. Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target on the stock. in a research note on Friday, January 10th. TD Cowen raised their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Barclays lowered their price target on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Monday. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.

Oceaneering International Price Performance

NYSE:OII traded up $0.21 during mid-day trading on Monday, reaching $18.86. The stock had a trading volume of 94,365 shares, compared to its average volume of 861,616. The stock has a 50-day simple moving average of $19.44 and a two-hundred day simple moving average of $23.90. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. Oceaneering International has a 12 month low of $15.46 and a 12 month high of $30.98. The stock has a market capitalization of $1.90 billion, a PE ratio of 13.12 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $674.52 million for 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 for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. On average, equities analysts anticipate that Oceaneering International will post 1.78 earnings per share for the current year.

Institutional Trading of Oceaneering International

Several institutional investors have recently modified their holdings of the business. R Squared Ltd acquired a new position in Oceaneering International during the 4th quarter worth about $40,000. GAMMA Investing LLC lifted its stake in shares of Oceaneering International by 29.7% in the first 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 during the period. Tower Research Capital LLC TRC boosted its holdings in Oceaneering International by 191.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 2,131 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 worth $104,000 after purchasing an additional 3,157 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Oceaneering International during the 4th quarter worth approximately $119,000. 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.