Oceaneering International (NYSE:OII) has received an average rating of “Hold” from the twenty-four analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $20.59.

A number of brokerages have commented on OII. Credit Suisse Group restated a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of Oceaneering International in a research note on Monday, February 26th. Wells Fargo reiterated an “underperform” rating on shares of Oceaneering International in a research report on Friday, January 12th. Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Loop Capital reduced their price objective on Oceaneering International from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, February 27th. Finally, ValuEngine downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.

Shares of OII stock opened at $20.08 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.72 and a quick ratio of 2.23. Oceaneering International has a 52 week low of $17.11 and a 52 week high of $27.55. The company has a market capitalization of $1,979.05, a price-to-earnings ratio of -286.86 and a beta of 1.39.

Oceaneering International (NYSE:OII) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.02. Oceaneering International had a negative return on equity of 0.49% and a net margin of 8.66%. The company had revenue of $484.20 million during the quarter, compared to the consensus estimate of $435.90 million. During the same period in the previous year, the firm posted $0.03 earnings per share. Oceaneering International’s quarterly revenue was down .9% compared to the same quarter last year. analysts predict that Oceaneering International will post -0.67 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ING Groep NV lifted its position in Oceaneering International by 23.2% in the fourth quarter. ING Groep NV now owns 14,828 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 2,793 shares during the period. Foundry Partners LLC lifted its position in Oceaneering International by 21.7% in the fourth quarter. Foundry Partners LLC now owns 17,985 shares of the oil and gas company’s stock worth $380,000 after purchasing an additional 3,210 shares during the period. Crossmark Global Holdings Inc. lifted its position in Oceaneering International by 28.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 16,706 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 3,748 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in Oceaneering International in the fourth quarter worth approximately $112,000. Finally, CoreCommodity Management LLC lifted its position in Oceaneering International by 13.0% in the fourth quarter. CoreCommodity Management LLC now owns 46,471 shares of the oil and gas company’s stock worth $982,000 after purchasing an additional 5,342 shares during the period. Hedge funds and other institutional investors own 99.37% of the company’s stock.

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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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