Oceaneering International, Inc. (NYSE:OII) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Oceaneering International, Inc. has received an average rating of "Hold" from five brokerages, with four recommending a hold and one recommending a buy.
• The average price target for the stock among analysts is $28.25, with recent upgrades including Wall Street Zen raising its rating from "hold" to "buy."
• In its latest quarterly earnings, Oceaneering reported $0.49 earnings per share, exceeding analysts' expectations of $0.42 and marking a year-over-year revenue increase of 4.5% to $698.16 million.

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.25.

A number of brokerages have recently commented on OII. Barclays increased their price objective on Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen raised Oceaneering International from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

Oceaneering International Price Performance

NYSE:OII traded down $0.08 during mid-day trading on Wednesday, reaching $21.35. 568,730 shares of the stock were exchanged, compared to its average volume of 873,711. The company has a current ratio of 2.00, a quick ratio of 1.67 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average price of $21.27 and a 200 day moving average price of $20.98. Oceaneering International has a 1-year low of $15.46 and a 1-year high of $30.98. The firm has a market capitalization of $2.14 billion, a PE ratio of 10.78 and a beta of 1.55.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Oceaneering International had a net margin of 7.31% and a return on equity of 22.09%. The company had revenue of $698.16 million for the quarter, compared to analysts' expectations of $676.81 million. During the same quarter in the previous year, the company posted $0.28 EPS. The business's revenue was up 4.5% compared to the same quarter last year. Research analysts expect that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oceaneering International

Several institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its stake in shares of Oceaneering International by 0.8% in the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock worth $1,467,000 after acquiring an additional 451 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Oceaneering International by 48.0% in the fourth quarter. JPMorgan Chase & Co. now owns 797,517 shares of the oil and gas company's stock valued at $20,799,000 after purchasing an additional 258,588 shares in the last quarter. Norges Bank acquired a new position in Oceaneering International in the 4th quarter worth about $6,218,000. Pictet Asset Management Holding SA raised its stake in shares of Oceaneering International by 22.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,989 shares of the oil and gas company's stock worth $417,000 after purchasing an additional 2,886 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Oceaneering International during the 4th quarter valued at about $512,000. Hedge funds and other 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.