Analysts Set Oceaneering International, Inc. (NYSE:OII) Target Price at $29.25

Oceaneering International, Inc. (NYSE:OIIGet 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

Institutional Investors Weigh In On Oceaneering International

A number of hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its holdings in shares of Oceaneering International by 3.9% in the third quarter. Captrust Financial Advisors now owns 15,271 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 578 shares during the period. HighTower Advisors LLC lifted its holdings in Oceaneering International by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 11,616 shares of the oil and gas company’s stock valued at $286,000 after acquiring an additional 687 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Oceaneering International by 12.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,850 shares of the oil and gas company’s stock valued at $205,000 after purchasing an additional 840 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Oceaneering International by 9.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,500 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 1,013 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Oceaneering International by 108.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 1,412 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

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:OIIGet 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

(Get Free Report

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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Analyst Recommendations for Oceaneering International (NYSE:OII)

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