Oceaneering International, Inc. (NYSE:OII) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

OII has been the topic of several other reports. Seaport Global Securities lowered Oceaneering International from a “neutral” rating to a “sell” rating and reduced their target price for the company from $24.00 to $19.00 in a research report on Wednesday, June 21st. Scotiabank reaffirmed a “buy” rating and set a $37.00 target price on shares of Oceaneering International in a research report on Friday, April 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price on shares of Oceaneering International in a research report on Monday, June 19th. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $25.00 target price on shares of Oceaneering International in a research report on Tuesday, July 11th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Oceaneering International presently has a consensus rating of “Hold” and an average price target of $29.00.

Oceaneering International (NYSE:OII) traded up 4.47% during trading on Wednesday, reaching $24.77. The company’s stock had a trading volume of 1,200,353 shares. Oceaneering International has a 12-month low of $20.74 and a 12-month high of $32.12. The firm’s 50-day moving average price is $23.59 and its 200 day moving average price is $26.08. The company’s market capitalization is $2.43 billion.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The firm had revenue of $446.18 million during the quarter, compared to analyst estimates of $459.57 million. Oceaneering International had a positive return on equity of 2.72% and a negative net margin of 0.38%. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. On average, analysts predict that Oceaneering International will post ($0.11) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Oceaneering International, Inc. (NYSE:OII) Upgraded at BidaskClub” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/oceaneering-international-inc-nyseoii-upgraded-at-bidaskclub-2/1453503.html.

Several hedge funds have recently modified their holdings of OII. Westpac Banking Corp bought a new stake in shares of Oceaneering International during the first quarter worth approximately $144,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Oceaneering International by 101.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,731 shares of the oil and gas company’s stock worth $157,000 after buying an additional 2,880 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Oceaneering International by 18.4% in the second 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 during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock worth $211,000 after buying an additional 300 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Oceaneering International by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock worth $212,000 after buying an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 98.81% 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)

Receive News & Ratings for Oceaneering International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.