Oceaneering International, Inc. (NYSE:OII) Receives Consensus Rating of "Hold" from Brokerages

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $28.00.

Several equities analysts have recently commented on OII shares. Barclays reduced their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Wall Street Zen cut Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday.

Hedge Funds Weigh In On Oceaneering International

Large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in Oceaneering International during the fourth quarter worth $531,000. Sumitomo Mitsui Trust Group Inc. increased its position in Oceaneering International by 62.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,675 shares of the oil and gas company's stock worth $604,000 after buying an additional 10,628 shares during the period. Old West Investment Management LLC acquired a new stake in Oceaneering International in the fourth quarter worth $1,565,000. Harbor Capital Advisors Inc. acquired a new stake in Oceaneering International in the first quarter worth $546,000. Finally, Charles Schwab Investment Management Inc. increased its position in Oceaneering International by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company's stock worth $33,869,000 after buying an additional 58,081 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Oceaneering International Stock Up 1.0%

Shares of NYSE:OII opened at $21.94 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.62. Oceaneering International has a 52-week low of $15.46 and a 52-week high of $30.98. The company has a 50 day moving average of $20.28 and a two-hundred day moving average of $21.64. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.33 and a beta of 1.48.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data 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. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. The company had revenue of $674.52 million during the quarter, compared to the consensus estimate of $651.96 million. During the same quarter last year, the company earned $0.14 earnings per share. Oceaneering International's revenue for the quarter was up 12.6% on a year-over-year basis. As a group, analysts forecast that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

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.

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