Oceaneering International (NYSE:OII) Stock Rating Upgraded by 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.

OII has been the subject of several other research reports. Benchmark reiterated a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. TD Cowen raised their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Citigroup downgraded 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 report on Friday, January 10th. Barclays raised shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $22.00 to $26.00 in a research report on Wednesday, December 18th. Finally, Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.25.

Oceaneering International Trading Down 6.8 %

OII stock opened at $22.52 on Friday. The company has a market capitalization of $2.28 billion, a PE ratio of 15.64 and a beta of 2.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. Oceaneering International has a one year low of $19.68 and a one year high of $30.98. The company’s 50 day moving average price is $25.68 and its two-hundred day moving average price is $26.05.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.66% and a net margin of 5.54%. The company had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. As a group, analysts predict that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new stake in Oceaneering International in the 4th quarter worth about $40,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 acquiring an additional 1,905 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Oceaneering International in the third quarter worth approximately $57,000. Tower Research Capital LLC TRC grew its stake 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 worth $85,000 after acquiring an additional 2,131 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Oceaneering International by 354.7% during 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 during the last quarter. Hedge funds and other 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.