Oceaneering International (NYSE:OII) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Oceaneering International (NYSE:OII) from a buy rating to a hold rating in a report published on Friday.

A number of other research firms have also recently commented on OII. Benchmark reaffirmed a buy rating and set a $34.00 price target on shares of Oceaneering International in a research note on Thursday, April 25th. Barclays decreased their price objective on shares of Oceaneering International from $23.00 to $22.00 and set an equal weight rating for the company in a research note on Thursday, February 29th.

Oceaneering International Trading Down 2.2 %

Shares of NYSE OII opened at $24.36 on Friday. The stock has a market capitalization of $2.47 billion, a P/E ratio of 22.98 and a beta of 2.49. Oceaneering International has a 1-year low of $14.99 and a 1-year high of $27.46. The business’s 50 day moving average is $22.59 and its two-hundred day moving average is $21.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.50.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.16). The company had revenue of $599.09 million for the quarter, compared to the consensus estimate of $613.58 million. Oceaneering International had a net margin of 4.36% and a return on equity of 14.82%. As a group, research analysts expect that Oceaneering International will post 1.54 EPS for the current year.

Institutional Investors Weigh In On Oceaneering International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Neo Ivy Capital Management purchased a new position in shares of Oceaneering International during the fourth quarter worth approximately $44,000. Pineridge Advisors LLC purchased a new position in Oceaneering International during the 4th quarter worth $44,000. Exchange Traded Concepts LLC bought a new stake in Oceaneering International during the 3rd quarter valued at $93,000. Meridian Management Co. purchased a new stake in shares of Oceaneering International in the 3rd quarter worth $206,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Oceaneering International during the 3rd quarter worth $206,000. Institutional investors own 93.93% of the company’s stock.

Oceaneering International Company Profile

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.