Shares of Oceaneering International, Inc. (NYSE:OII – Get Free Report) have received an average recommendation of “Hold” from the four research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.25.
Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $22.00 to $26.00 in a report on Wednesday, December 18th. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Friday, January 10th. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Benchmark restated a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a report on Friday, October 25th. Finally, TD Cowen lifted their price objective 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.
View Our Latest Report on Oceaneering International
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Oceaneering International Trading Up 1.9 %
Shares of OII stock opened at $26.68 on Friday. Oceaneering International has a fifty-two week low of $19.51 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The stock has a 50 day simple moving average of $27.15 and a two-hundred day simple moving average of $26.20. The company has a market cap of $2.70 billion, a P/E ratio of 20.21 and a beta of 2.41.
Oceaneering International (NYSE:OII – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. The company had revenue of $679.81 million during the quarter, compared to the consensus estimate of $693.69 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that Oceaneering International will post 1.37 earnings per share 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.
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