Oceaneering International (NYSE:OII) Sets New 12-Month Low – Time to Sell?

Shares of Oceaneering International, Inc. (NYSE:OII) hit a new 52-week low during trading on Friday . The company traded as low as $17.53 and last traded at $17.41, with a volume of 41755 shares changing hands. The stock had previously closed at $19.63.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OII. Pickering Energy Partners raised Oceaneering International from an “underperform” rating to a “neutral” rating in a report on Wednesday. StockNews.com cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Friday, January 10th. Finally, Barclays dropped their price objective on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.25.

Oceaneering International Stock Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The firm’s fifty day moving average price is $22.59 and its 200 day moving average price is $25.08. The firm has a market cap of $1.72 billion, a P/E ratio of 11.87 and a beta of 2.42.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Sell-side analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Oceaneering International

Several institutional investors have recently added to or reduced their stakes in OII. Vanguard Group Inc. raised its holdings in shares of Oceaneering International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 12,480,517 shares of the oil and gas company’s stock worth $325,492,000 after buying an additional 69,337 shares during the last quarter. State Street Corp increased its stake in shares of Oceaneering International by 2.1% in the 3rd quarter. State Street Corp now owns 5,221,049 shares of the oil and gas company’s stock valued at $129,847,000 after purchasing an additional 107,394 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of 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 buying an additional 941,849 shares during the period. FMR LLC grew its position in shares of Oceaneering International by 1.3% in the third quarter. FMR LLC now owns 2,895,960 shares of the oil and gas company’s stock valued at $72,023,000 after purchasing an additional 36,593 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Oceaneering International by 14.3% in 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 buying an additional 355,290 shares during the last quarter. Institutional investors and hedge funds 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.