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

Oceaneering International (NYSE:OII - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Several other equities research analysts have also commented on the company. Barclays cut their target price on Oceaneering International from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $28.00.

Oceaneering International Trading Up 1.0%

Shares of OII stock traded up $0.21 on Friday, hitting $21.94. The company had a trading volume of 769,361 shares, compared to its average volume of 848,976. The firm has a market cap of $2.21 billion, a P/E ratio of 12.33 and a beta of 1.48. The stock's 50-day moving average is $20.28 and its two-hundred day moving average is $21.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.58 and a current ratio of 1.89. Oceaneering International has a twelve month low of $15.46 and a twelve month high of $30.98.

Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Oceaneering International had a return on equity of 20.59% and a net margin of 6.68%. The company had revenue of $674.52 million for the quarter, compared to analyst estimates of $651.96 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake 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 worth $1,467,000 after purchasing an additional 451 shares during the last quarter. Summit Investment Advisors Inc. raised 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 worth $276,000 after purchasing an additional 584 shares during the last quarter. 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 worth $68,000 after purchasing an additional 711 shares during the last quarter. Atria Investments Inc raised its stake in shares of Oceaneering International by 4.2% in 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 last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of Oceaneering International by 9.1% in the second quarter. Central Pacific Bank Trust Division now owns 10,070 shares of the oil and gas company's stock worth $209,000 after purchasing an additional 840 shares during the last quarter. 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.