Oceaneering International (NYSE:OII) Cut to "Hold" at Wall Street Zen

Wall Street Zen downgraded shares of Oceaneering International (NYSE:OII - Free Report) from a buy rating to a hold rating in a report issued on Saturday.

Other analysts also recently issued research reports about the stock. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Barclays lowered their target price on shares of 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. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $28.00.

Oceaneering International Stock Up 1.3%

NYSE:OII traded up $0.25 during midday trading on Friday, reaching $19.24. 588,252 shares of the stock traded hands, compared to its average volume of 853,904. Oceaneering International has a 12-month low of $15.46 and a 12-month high of $30.98. The business has a 50-day moving average of $18.99 and a two-hundred day moving average of $23.17. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The stock has a market capitalization of $1.94 billion, a PE ratio of 13.36 and a beta of 1.54.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The firm had revenue of $674.52 million for the quarter, compared to the consensus estimate of $651.96 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, equities analysts forecast that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Oceaneering International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Oceaneering International in the 4th quarter valued at approximately $40,000. GAMMA Investing LLC raised 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 valued at $68,000 after purchasing an additional 711 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 purchasing an additional 2,131 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after acquiring an additional 3,157 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Oceaneering International during the fourth quarter worth $119,000. Institutional investors and hedge funds 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.