Oceaneering International (NYSE:OII) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen cut shares of Oceaneering International (NYSE:OII - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other research analysts have also recently issued reports on OII. Barclays lowered their price target on shares of Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Pickering Energy Partners raised shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Oceaneering International currently has an average rating of "Hold" and an average price target of $28.00.

Oceaneering International Stock Up 1.6%

NYSE OII traded up $0.31 during trading hours on Friday, reaching $19.38. 548,170 shares of the company's stock traded hands, compared to its average volume of 853,865. Oceaneering International has a 52-week low of $15.46 and a 52-week high of $30.98. The firm has a market cap of $1.95 billion, a PE ratio of 13.46 and a beta of 1.54. The firm has a 50-day simple moving average of $18.84 and a 200 day simple moving average of $23.05. 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 (NYSE:OII - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $674.52 million during the quarter, compared to analysts' expectations of $651.96 million. During the same period last year, the company posted $0.14 EPS. Oceaneering International's revenue was up 12.6% on a year-over-year basis. Sell-side analysts anticipate that Oceaneering International will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OII. R Squared Ltd purchased a new position in shares of Oceaneering International during the fourth quarter valued at approximately $40,000. GAMMA Investing LLC raised its holdings in shares of Oceaneering International by 29.7% during 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 during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Oceaneering International by 191.5% during 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 during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 valued at $104,000 after purchasing an additional 3,157 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Oceaneering International during the fourth quarter valued at approximately $119,000. 93.93% of the stock is owned by hedge funds and other 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.