Brokerages Set Oceaneering International, Inc. (NYSE:OII) Target Price at $28.25

Shares of Oceaneering International, Inc. (NYSE:OII) have been given an average rating of “Hold” by the five analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $28.25.

OII has been the topic of several recent research reports. Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Friday, January 10th. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Barclays decreased 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. Finally, TD Cowen upped their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th.

Oceaneering International Stock Down 12.9 %

Shares of OII opened at $17.10 on Thursday. 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 has a one year low of $16.68 and a one year high of $30.98. The business’s 50 day simple moving average is $22.59 and its 200-day simple moving average is $25.08. The company has a market capitalization of $1.72 billion, a P/E ratio of 11.87 and a beta of 2.42.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $713.45 million during the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. As a group, sell-side analysts predict that Oceaneering International will post 1.78 EPS for the current fiscal year.

Institutional Trading of Oceaneering International

Several hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas purchased a new stake in Oceaneering International during the 4th quarter valued at $531,000. Stifel Financial Corp boosted its stake in Oceaneering International by 51.8% in the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock worth $1,715,000 after purchasing an additional 23,512 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Oceaneering International by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock valued at $33,869,000 after acquiring an additional 58,081 shares in the last quarter. Barclays PLC grew its stake in shares of Oceaneering International by 334.5% in the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after acquiring an additional 138,931 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Oceaneering International by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock valued at $13,748,000 after acquiring an additional 16,269 shares during the period. 93.93% of the stock is owned by 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.