Oceaneering International (NYSE:OII) Upgraded at StockNews.com

StockNews.com upgraded shares of Oceaneering International (NYSE:OII) from a hold rating to a buy rating in a research report report published on Friday.

Several other analysts have also weighed in on OII. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Friday, January 10th. Benchmark reaffirmed a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. TD Cowen increased their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Oceaneering International presently has an average rating of “Hold” and a consensus price target of $29.25.

Oceaneering International Stock Performance

Shares of NYSE:OII opened at $22.52 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The business’s fifty day moving average price is $25.68 and its two-hundred day moving average price is $26.07. Oceaneering International has a fifty-two week low of $19.68 and a fifty-two week high of $30.98. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 15.64 and a beta of 2.38.

Oceaneering International (NYSE:OII) last posted its earnings results 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 firm 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%. As a group, analysts predict that Oceaneering International will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Oceaneering International

Several hedge funds and other institutional investors have recently made changes to their positions in OII. R Squared Ltd acquired a new position in shares of Oceaneering International during the fourth quarter valued at $40,000. Farther Finance Advisors LLC lifted its position in Oceaneering International by 3,594.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,905 shares during the period. Millburn Ridgefield Corp bought a new position in shares of Oceaneering International in the 3rd quarter valued at about $57,000. Tower Research Capital LLC TRC boosted its stake in shares of Oceaneering International by 191.5% in the 4th 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 during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Oceaneering International by 354.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 3,157 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

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.