Other research analysts also recently issued reports about the stock. Jefferies Group set a $27.00 target price on shares of Oceaneering International and gave the company a hold rating in a research report on Monday, July 25th. Zacks Investment Research raised shares of Oceaneering International from a sell rating to a hold rating in a research report on Wednesday, July 20th. Evercore ISI downgraded shares of Oceaneering International from a buy rating to a hold rating and dropped their target price for the company from $36.00 to $28.00 in a research report on Wednesday, June 29th. JPMorgan Chase & Co. began coverage on shares of Oceaneering International in a research report on Wednesday, June 22nd. They issued an underweight rating and a $23.00 target price on the stock. Finally, Citigroup Inc. began coverage on shares of Oceaneering International in a research report on Tuesday, September 27th. They issued a neutral rating and a $27.00 target price on the stock. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $33.97.
Oceaneering International (NYSE:OII) traded up 2.63% on Tuesday, reaching $27.34. 193,811 shares of the company’s stock were exchanged. The company has a market capitalization of $2.68 billion, a P/E ratio of 18.76 and a beta of 1.57. The firm has a 50-day moving average price of $26.38 and a 200-day moving average price of $29.91. Oceaneering International has a 1-year low of $24.33 and a 1-year high of $47.45.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Oceaneering International had a net margin of 5.31% and a return on equity of 11.41%. The firm earned $625.50 million during the quarter, compared to analysts’ expectations of $604.16 million. Equities research analysts expect that Oceaneering International will post $0.76 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in OII. Emerald Acquisition Ltd. acquired a new position in Oceaneering International during the second quarter valued at $31,949,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Oceaneering International during the second quarter valued at $31,000,000. Atlanta Capital Management Co. L L C increased its position in Oceaneering International by 59.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,090,649 shares of the company’s stock valued at $62,427,000 after buying an additional 778,030 shares during the period. PGGM Investments increased its position in Oceaneering International by 91.9% in the second quarter. PGGM Investments now owns 1,021,218 shares of the company’s stock valued at $30,494,000 after buying an additional 489,176 shares during the period. Finally, Boston Advisors LLC acquired a new position in Oceaneering International during the second quarter valued at $14,382,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.
About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).
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