StockNews.com Downgrades Oceaneering International (NYSE:OII) to Hold

StockNews.com lowered shares of Oceaneering International (NYSE:OII) from a buy rating to a hold rating in a research report sent to investors on Saturday.

A number of other analysts also recently commented on the stock. TD Cowen boosted their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Friday, January 10th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. Finally, Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Oceaneering International has a consensus rating of “Hold” and a consensus target price of $29.25.

Oceaneering International Stock Down 6.2 %

Shares of OII stock opened at $20.72 on Friday. Oceaneering International has a 1 year low of $19.88 and a 1 year high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The business’s fifty day moving average is $25.34 and its 200-day moving average is $25.87. The stock has a market cap of $2.30 billion, a PE ratio of 14.39 and a beta of 2.38.

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

Institutional Investors Weigh In On Oceaneering International

A number of large investors have recently made changes to their positions in the company. Brown Advisory Inc. grew its position in Oceaneering International by 22.5% during the 4th quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company’s stock worth $133,782,000 after purchasing an additional 941,849 shares in the last quarter. FIL Ltd acquired a new stake in shares of Oceaneering International in the fourth quarter worth $18,864,000. American Century Companies Inc. grew its holdings in shares of Oceaneering International by 14.3% during the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock valued at $74,112,000 after buying an additional 355,290 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Oceaneering International during the fourth quarter valued at $8,490,000. Finally, Loomis Sayles & Co. L P lifted its stake in Oceaneering International by 14.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company’s stock worth $54,925,000 after acquiring an additional 267,230 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.