Analysts Set Oceaneering International, Inc. (NYSE:OII) Price Target at $28.00

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has received an average recommendation of "Hold" from the five brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $28.00.

OII has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays reduced their price objective on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd.

Oceaneering International Trading Down 1.0%

NYSE OII traded down $0.19 on Friday, reaching $19.07. The company had a trading volume of 576,143 shares, compared to its average volume of 853,555. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 13.24 and a beta of 1.54. 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 fifty-two week low of $15.46 and a fifty-two week high of $30.98. The business has a 50 day moving average of $18.89 and a two-hundred day moving average of $23.11.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OII. Vanguard Group Inc. grew its holdings in shares of Oceaneering International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company's stock valued at $325,492,000 after buying an additional 69,337 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Oceaneering International by 27.6% during the 1st quarter. Brown Advisory Inc. now owns 6,545,919 shares of the oil and gas company's stock worth $142,767,000 after purchasing an additional 1,416,251 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Oceaneering International by 9.6% in the first quarter. American Century Companies Inc. now owns 3,113,578 shares of the oil and gas company's stock valued at $67,907,000 after buying an additional 271,868 shares during the period. Greenhouse Funds LLLP raised its stake in Oceaneering International by 10.0% in the 4th quarter. Greenhouse Funds LLLP now owns 2,689,795 shares of the oil and gas company's stock valued at $70,150,000 after acquiring an additional 244,362 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Oceaneering International by 14.5% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock valued at $54,925,000 after buying an additional 267,230 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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.