Oceaneering International, Inc. (NYSE:OII – Get Free Report) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $29.25.
Several analysts have commented on the stock. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. Pickering Energy Partners downgraded Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. TD Cowen lifted their price target on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Benchmark reiterated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. Finally, Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $22.00 to $26.00 in a report on Wednesday, December 18th.
Read Our Latest Stock Report on Oceaneering International
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Oceaneering International Stock Performance
OII opened at $26.68 on Friday. Oceaneering International has a 1-year low of $19.51 and a 1-year high of $30.98. The stock has a market cap of $2.70 billion, a P/E ratio of 20.21 and a beta of 2.41. The stock’s 50 day simple moving average is $27.11 and its 200 day simple moving average is $26.25. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46.
Oceaneering International (NYSE:OII – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%. The business had revenue of $679.81 million for the quarter, compared to analyst estimates of $693.69 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Oceaneering International will post 1.37 EPS for the current fiscal year.
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.
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