Oceaneering International (NYSE:OII) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Oceaneering International (NYSE:OII - Free Report) from a hold rating to a buy rating in a research note published on Sunday.

A number of other analysts have also recently commented on OII. 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 decreased their price objective on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $28.00.

Oceaneering International Stock Up 1.1%

NYSE OII traded up $0.21 during trading on Friday, hitting $19.28. 525,638 shares of the company traded hands, compared to its average volume of 846,474. The company has a market capitalization of $1.94 billion, a P/E ratio of 13.39 and a beta of 1.54. The business has a fifty day simple moving average of $18.78 and a 200 day simple moving average of $22.92. Oceaneering International has a 12 month low of $15.46 and a 12 month high of $30.98. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67.

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 the consensus estimate of $0.36 by $0.07. The firm had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, sell-side analysts predict that Oceaneering International will post 1.78 EPS for the current year.

Hedge Funds Weigh In On Oceaneering International

Large investors have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Oceaneering International during the fourth quarter worth 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 buying an additional 711 shares during the period. Tower Research Capital LLC TRC grew its position 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 grew its position in shares of Oceaneering International by 354.7% in 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Oceaneering International in the fourth quarter valued at $119,000. 93.93% of the stock is currently 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.