Seaport Global Securities reissued their neutral rating on shares of Oceaneering International (NYSE:OII) in a research note published on Wednesday. Seaport Global Securities also issued estimates for Oceaneering International’s Q3 2019 earnings at $0.03 EPS.

A number of other analysts also recently weighed in on OII. Zacks Investment Research raised shares of Oceaneering International from a sell rating to a hold rating in a research report on Thursday, May 3rd. Goldman Sachs Group raised shares of Oceaneering International from a neutral rating to a buy rating and set a $29.00 price target for the company in a research report on Monday, May 14th. Wells Fargo & Co raised shares of Oceaneering International from an underperform rating to a market perform rating and set a $17.00 price target for the company in a research report on Thursday, May 24th. ValuEngine raised shares of Oceaneering International from a hold rating to a buy rating in a research report on Friday, June 22nd. Finally, Royal Bank of Canada reissued a buy rating and set a $28.00 price target on shares of Oceaneering International in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the stock. Oceaneering International presently has a consensus rating of Hold and a consensus target price of $25.33.

Shares of NYSE:OII opened at $28.28 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.61 and a quick ratio of 2.17. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $28.62. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -404.00 and a beta of 1.35.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. Oceaneering International had a net margin of 4.83% and a negative return on equity of 4.31%. The business had revenue of $479.00 million during the quarter, compared to the consensus estimate of $448.96 million. During the same quarter last year, the company earned $0.02 earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. analysts anticipate that Oceaneering International will post -1.02 EPS for the current fiscal year.

In related news, Director T Jay Collins sold 16,750 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $26.50, for a total transaction of $443,875.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of OII. LPL Financial LLC bought a new stake in Oceaneering International in the first quarter valued at $186,000. Boys Arnold & Co. Inc. bought a new stake in Oceaneering International in the second quarter valued at $204,000. Meridian Management Co. bought a new stake in Oceaneering International in the second quarter valued at $204,000. Bbva Compass Bancshares Inc. bought a new stake in Oceaneering International in the second quarter valued at $226,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Oceaneering International in the first quarter valued at $227,000.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

Read More: Asset Allocation

Analyst Recommendations for Oceaneering International (NYSE:OII)

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.