Brokerages Set Oceaneering International, Inc. (NYSE:OII) PT at $28.25

Shares of Oceaneering International, Inc. (NYSE:OII) have received a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.25.

A number of equities research analysts recently commented on the company. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Barclays cut their target price on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday. Finally, Citigroup downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Friday, January 10th.

Hedge Funds Weigh In On Oceaneering International

Large investors have recently bought and sold shares of the business. Brown Advisory Inc. grew its position in Oceaneering International by 22.5% during the 4th quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company’s stock worth $133,782,000 after purchasing an additional 941,849 shares during the last quarter. FIL Ltd acquired a new position in Oceaneering International during the fourth quarter worth approximately $18,864,000. American Century Companies Inc. increased its position in Oceaneering International by 14.3% during the 4th quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock worth $74,112,000 after purchasing an additional 355,290 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Oceaneering International in the fourth quarter valued at about $8,490,000. Finally, Loomis Sayles & Co. L P lifted its position in Oceaneering International by 14.5% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company’s stock worth $54,925,000 after acquiring an additional 267,230 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Performance

Oceaneering International stock opened at $17.10 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The company’s 50-day moving average is $22.59 and its 200 day moving average is $25.08. Oceaneering International has a 1-year low of $16.68 and a 1-year high of $30.98. The firm has a market capitalization of $1.72 billion, a P/E ratio of 11.87 and a beta of 2.42.

Oceaneering International (NYSE:OII) last issued its 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). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The business had revenue of $713.45 million for the quarter, compared to the consensus estimate of $681.60 million. Research analysts forecast that Oceaneering International will post 1.78 EPS for the current year.

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.