Oceaneering International (NYSE:OII)‘s stock had its “underperform” rating reiterated by investment analysts at Wells Fargo & Co in a research report issued to clients and investors on Friday, MarketBeat Ratings reports.

Other analysts also recently issued research reports about the company. Scotiabank set a $37.00 target price on Oceaneering International and gave the company a “buy” rating in a research note on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and set a $27.00 target price on shares of Oceaneering International in a research note on Monday, October 30th. Tudor Pickering raised Oceaneering International from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Barclays began coverage on Oceaneering International in a report on Friday, October 6th. They issued an “equal weight” rating and a $28.00 price target for the company. Finally, Capital One Financial cut Oceaneering International from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 16th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.10.

Shares of Oceaneering International (OII) traded down $0.62 during trading hours on Friday, reaching $22.44. The company had a trading volume of 1,452,055 shares, compared to its average volume of 1,280,000. Oceaneering International has a 1 year low of $17.11 and a 1 year high of $29.53. 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 quick ratio of 2.14 and a current ratio of 2.67.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share 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 for the quarter, compared to the consensus estimate of $511.14 million. During the same quarter in the previous year, the company earned $0.17 EPS. Oceaneering International’s revenue for the quarter was down 13.3% compared to the same quarter last year. research analysts predict that Oceaneering International will post -0.09 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bright Rock Capital Management LLC raised its holdings in shares of Oceaneering International by 45.5% in the 4th quarter. Bright Rock Capital Management LLC now owns 80,000 shares of the oil and gas company’s stock worth $1,691,000 after buying an additional 25,000 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Oceaneering International by 9.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 694,163 shares of the oil and gas company’s stock worth $18,236,000 after buying an additional 57,032 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Oceaneering International by 11.2% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,568,651 shares of the oil and gas company’s stock worth $41,208,000 after buying an additional 158,533 shares in the last quarter. Walthausen & Co. LLC raised its holdings in shares of Oceaneering International by 34.5% in the 3rd quarter. Walthausen & Co. LLC now owns 280,260 shares of the oil and gas company’s stock worth $7,362,000 after buying an additional 71,930 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Oceaneering International by 5.6% in the 3rd quarter. California Public Employees Retirement System now owns 368,327 shares of the oil and gas company’s stock worth $9,676,000 after buying an additional 19,627 shares in the last quarter.

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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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