Oceaneering International, Inc. (NYSE:OII) Receives $28.00 Consensus Target Price from Brokerages

Oceaneering International, Inc. (NYSE:OII - Get Free Report) has been given a consensus recommendation of "Hold" by the five analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $28.00.

OII has been the topic of several analyst reports. Wall Street Zen lowered shares of Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Finally, Barclays dropped 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 report on Monday, April 28th.

Oceaneering International Price Performance

Shares of OII traded down $0.37 during mid-day trading on Friday, hitting $20.73. 333,041 shares of the company traded hands, compared to its average volume of 845,842. Oceaneering International has a one year low of $15.46 and a one year high of $30.98. The company has a current ratio of 1.89, a quick ratio of 1.58 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $20.28 and a 200 day moving average of $21.59. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 11.69 and a beta of 1.48.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share 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 business had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. During the same period in the prior year, the business posted $0.14 earnings per share. Oceaneering International's revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts expect that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oceaneering International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Oceaneering International by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company's stock valued at $33,869,000 after purchasing an additional 58,081 shares during the period. Atria Investments Inc raised its holdings in shares of Oceaneering International by 4.2% during the fourth quarter. Atria Investments Inc now owns 20,172 shares of the oil and gas company's stock valued at $526,000 after purchasing an additional 814 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Oceaneering International during the fourth quarter valued at about $1,749,000. AlphaQuest LLC raised its holdings in shares of Oceaneering International by 4,023.3% during the fourth quarter. AlphaQuest LLC now owns 12,040 shares of the oil and gas company's stock valued at $314,000 after purchasing an additional 11,748 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Oceaneering International by 36.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,204 shares of the oil and gas company's stock worth $762,000 after acquiring an additional 7,831 shares in the last quarter. 93.93% of the stock is owned by institutional investors.

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.