Oceaneering International, Inc. (NYSE:OII)‘s stock had its “hold” rating reissued by research analysts at Cowen and Company in a report released on Tuesday, July 11th. They presently have a $25.00 price objective on the oil and gas company’s stock. Cowen and Company’s target price would indicate a potential downside of 3.99% from the company’s current price.

Other research analysts also recently issued reports about the stock. Scotiabank reissued a “buy” rating and issued a $37.00 target price on shares of Oceaneering International in a research report on Friday, April 28th. Jefferies Group LLC reissued a “hold” rating and issued a $25.00 target price on shares of Oceaneering International in a research report on Monday, June 19th. Tudor Pickering started coverage on shares of Oceaneering International in a report on Thursday, March 23rd. They set a “hold” rating for the company. Royal Bank Of Canada restated a “sell” rating and set a $30.00 price target on shares of Oceaneering International in a report on Friday, April 21st. Finally, Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.50.

Oceaneering International (NYSE OII) opened at 26.04 on Tuesday. Oceaneering International has a 52 week low of $20.74 and a 52 week high of $32.12. The company’s 50 day moving average is $23.62 and its 200 day moving average is $25.85. The stock’s market cap is $2.57 billion.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $515.04 million for the quarter, compared to the consensus estimate of $481.86 million. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. Equities analysts predict that Oceaneering International will post ($0.04) earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of Oceaneering International during the fourth quarter worth about $205,000. Dimensional Fund Advisors LP raised its position in shares of Oceaneering International by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,571,814 shares of the oil and gas company’s stock worth $44,341,000 after buying an additional 49,223 shares during the period. GSA Capital Partners LLP bought a new position in shares of Oceaneering International during the fourth quarter worth about $552,000. Guggenheim Capital LLC raised its position in shares of Oceaneering International by 90.3% in the fourth quarter. Guggenheim Capital LLC now owns 140,645 shares of the oil and gas company’s stock worth $3,968,000 after buying an additional 66,745 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position 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 period. Institutional investors and hedge funds own 98.37% of the company’s stock.

About Oceaneering International

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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