Scotia Howard Weill reiterated their sector perform rating on shares of Oceaneering International (NYSE:OII) in a research report released on Friday morning.

A number of other research analysts also recently issued reports on the company. Howard Weil downgraded Oceaneering International from a sector outperform rating to a sector perform rating in a research note on Friday. Cowen set a $27.00 price target on Oceaneering International and gave the company a hold rating in a research report on Thursday. Jefferies Group cut Oceaneering International from a hold rating to an underperform rating and set a $18.00 price target on the stock. in a research report on Thursday, January 4th. Zacks Investment Research cut Oceaneering International from a hold rating to a sell rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $22.00 price target on Oceaneering International and gave the company a buy rating in a research report on Thursday, December 21st. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $24.10.

Shares of Oceaneering International (NYSE OII) traded down $0.62 during trading hours on Friday, reaching $22.44. The company’s stock had a trading volume of 1,452,055 shares, compared to its average volume of 1,280,000. The company has a market cap of $2,210.00, a P/E ratio of -118.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $29.53.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $476.12 million during the quarter, compared to the consensus estimate of $511.14 million. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. sell-side analysts forecast that Oceaneering International will post -0.09 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Utah Retirement Systems lifted its holdings in Oceaneering International by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 17,982 shares of the oil and gas company’s stock worth $411,000 after purchasing an additional 200 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Oceaneering International by 3.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,605 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 330 shares in the last quarter. Harris Associates L P lifted its holdings in Oceaneering International by 2.1% during the 2nd quarter. Harris Associates L P now owns 35,025 shares of the oil and gas company’s stock worth $800,000 after purchasing an additional 725 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Oceaneering International by 1.4% during the 2nd quarter. Prudential Financial Inc. now owns 60,526 shares of the oil and gas company’s stock worth $1,382,000 after purchasing an additional 860 shares in the last quarter. Finally, Isthmus Partners LLC lifted its holdings in Oceaneering International by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 207,371 shares of the oil and gas company’s stock worth $4,736,000 after purchasing an additional 1,192 shares in the last quarter.

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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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