Oceaneering International, Inc. (NYSE:OII) had its price objective trimmed by Citigroup Inc. from $25.00 to $20.00 in a research note issued to investors on Monday morning. The brokerage currently has a neutral rating on the oil and gas company’s stock.

Several other research analysts have also commented on OII. Zacks Investment Research lowered shares of Oceaneering International from a hold rating to a sell rating in a report on Wednesday, July 5th. BidaskClub raised shares of Oceaneering International from a strong sell rating to a sell rating in a report on Thursday, July 6th. Cowen and Company reaffirmed a hold rating and issued a $25.00 price target on shares of Oceaneering International in a report on Tuesday, July 11th. Seaport Global Securities reaffirmed a neutral rating on shares of Oceaneering International in a report on Thursday, July 20th. Finally, Royal Bank Of Canada reaffirmed a sell rating and issued a $25.00 price target on shares of Oceaneering International in a report on Thursday, July 20th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $24.84.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The business had revenue of $476.12 million during the quarter, compared to analyst estimates of $511.14 million. During the same period last year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis.

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In other Oceaneering International news, VP W Cardon Gerner sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $25.76, for a total transaction of $51,520.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in OII. Pacad Investment Ltd. raised its position in shares of Oceaneering International by 231.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock worth $121,000 after buying an additional 3,700 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Oceaneering International by 121.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock worth $138,000 after buying an additional 2,865 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Oceaneering International by 18.4% during the 2nd quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock worth $175,000 after buying an additional 1,188 shares in the last quarter. Boys Arnold & Co. Inc. bought a new stake in shares of Oceaneering International during the 3rd quarter worth about $210,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Oceaneering International by 19.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,326 shares of the oil and gas company’s stock worth $213,000 after buying an additional 1,512 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Oceaneering International Company Profile

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

Analyst Recommendations for Oceaneering International (NYSE:OII)

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