Oceaneering International (NYSE:OII) Reaches New 1-Year Low - Should You Sell?

Oceaneering International, Inc. (NYSE:OII - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.53 and last traded at $17.41, with a volume of 41755 shares trading hands. The stock had previously closed at $19.63.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on OII shares. Pickering Energy Partners raised Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Citigroup downgraded shares of Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research note on Friday, January 10th. Barclays cut their price target on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. StockNews.com cut shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, TD Cowen lifted their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $28.25.

Oceaneering International Stock Up 9.2 %

The company has a fifty day moving average of $22.04 and a 200 day moving average of $24.89. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.76 billion, a P/E ratio of 12.18 and a beta of 1.94.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. On average, research analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently bought and sold shares of OII. Brown Advisory Inc. lifted its holdings in Oceaneering International by 22.5% during the fourth quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company's stock valued at $133,782,000 after purchasing an additional 941,849 shares in the last quarter. FIL Ltd bought a new position in Oceaneering International in the 4th quarter worth $18,864,000. American Century Companies Inc. increased its stake in Oceaneering International by 14.3% in the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company's stock worth $74,112,000 after buying an additional 355,290 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Oceaneering International in the fourth quarter valued at about $8,490,000. Finally, Loomis Sayles & Co. L P grew its position in shares of Oceaneering International by 14.5% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company's stock worth $54,925,000 after purchasing an additional 267,230 shares in the last quarter. 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.