Oceaneering International (NYSE:OII) was downgraded by stock analysts at Howard Weil from a “sector outperform” rating to a “sector perform” rating in a note issued to investors on Friday.

OII has been the topic of several other research reports. Jefferies Group set a $18.00 price target on shares of Oceaneering International and gave the company a “hold” rating in a research report on Sunday, October 29th. Scotiabank set a $37.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a research report on Friday, October 27th. Cowen set a $21.00 price target on shares of Oceaneering International and gave the company a “hold” rating in a research report on Sunday, October 29th. Deutsche Bank began coverage on shares of Oceaneering International in a research report on Tuesday, October 10th. They issued a “hold” rating and a $28.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.10.

Shares of Oceaneering International (OII) opened at $23.06 on Friday. Oceaneering International has a 12-month low of $17.11 and a 12-month high of $29.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. The stock has a market cap of $2,270.00, a P/E ratio of -121.37 and a beta of 1.62.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $511.14 million. During the same period last year, the firm earned $0.17 EPS. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. sell-side analysts expect that Oceaneering International will post -0.09 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Shell Asset Management Co. grew its stake in Oceaneering International by 109.1% in the 3rd quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after buying an additional 27,684 shares in the last quarter. Magnetar Financial LLC purchased a new position in Oceaneering International in the 3rd quarter worth approximately $1,684,000. Personal Capital Advisors Corp grew its stake in Oceaneering International by 14.4% in the 3rd quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after buying an additional 11,818 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Oceaneering International by 76.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 197,692 shares of the oil and gas company’s stock worth $5,193,000 after buying an additional 85,357 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Oceaneering International by 10.0% in the 2nd quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock worth $9,635,000 after buying an additional 38,535 shares in the last quarter. 99.69% of the stock is currently owned by institutional investors and hedge funds.

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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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