Oceaneering International (NYSE:OII) Stock Rating Lowered by Wall Street Zen

Oceaneering International (NYSE:OII - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

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

Oceaneering International Trading Down 1.7%

Shares of NYSE:OII traded down $0.36 during trading on Friday, reaching $20.75. 333,041 shares of the company were exchanged, compared to its average volume of 845,842. The firm has a market capitalization of $2.09 billion, a PE ratio of 11.69 and a beta of 1.48. The business's fifty day simple moving average is $20.28 and its 200-day simple moving average is $21.59. Oceaneering International has a 12-month low of $15.46 and a 12-month high of $30.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.89 and a quick ratio of 1.58.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. Oceaneering International's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. On average, research analysts anticipate that Oceaneering International will post 1.78 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Oceaneering International by 0.8% in the fourth quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock valued at $1,467,000 after buying an additional 451 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Oceaneering International by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock valued at $276,000 after purchasing an additional 584 shares during the period. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 711 shares in the last quarter. 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 worth $526,000 after purchasing an additional 814 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in shares of Oceaneering International by 9.1% in the 2nd quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company's stock worth $209,000 after buying an additional 840 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.