Oceaneering International (NYSE:OII) Upgraded at Pickering Energy Partners

Pickering Energy Partners upgraded shares of Oceaneering International (NYSE:OII) from an underperform rating to a neutral rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

Other research analysts also recently issued research reports about the stock. Barclays cut their price target on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, TD Cowen raised their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.25.

Oceaneering International Stock Down 12.9 %

OII stock opened at $17.10 on Wednesday. The stock has a market cap of $1.72 billion, a PE ratio of 11.87 and a beta of 2.42. The firm’s 50-day simple moving average is $22.59 and its 200 day simple moving average is $25.09. Oceaneering International has a fifty-two week low of $16.68 and a fifty-two week high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, sell-side analysts predict that Oceaneering International will post 1.78 EPS for the current year.

Institutional Trading of Oceaneering International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new stake in Oceaneering International during the 4th quarter worth $531,000. Stifel Financial Corp grew its position in shares of Oceaneering International by 51.8% in the 3rd quarter. Stifel Financial Corp now owns 68,943 shares of the oil and gas company’s stock valued at $1,715,000 after purchasing an additional 23,512 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Oceaneering International by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock worth $33,869,000 after purchasing an additional 58,081 shares in the last quarter. Barclays PLC raised its holdings in Oceaneering International by 334.5% during the 3rd quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock worth $4,489,000 after buying an additional 138,931 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Oceaneering International by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock valued at $13,748,000 after buying an additional 16,269 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.