Oceaneering International’s (OII) Sector Perform Rating Reaffirmed at Scotiabank

Scotiabank reissued their sector perform rating on shares of Oceaneering International (NYSE:OII) in a report released on Friday.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada restated a buy rating and issued a $27.00 target price on shares of Oceaneering International in a research report on Monday, October 30th. Tudor Pickering upgraded Oceaneering International from a hold rating to a buy rating in a research report on Monday, November 6th. Barclays initiated coverage on Oceaneering International in a research report on Friday, October 6th. They issued an equal weight rating and a $28.00 target price on the stock. Capital One Financial downgraded Oceaneering International from an overweight rating to an equal weight rating in a research report on Thursday, November 16th. Finally, Deutsche Bank initiated coverage on Oceaneering International in a research report on Tuesday, October 10th. They issued a hold rating and a $28.00 target price on the stock. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $24.10.

Shares of Oceaneering International (NYSE OII) traded down $0.33 on Friday, reaching $22.13. The company’s stock had a trading volume of 316,426 shares, compared to its average volume of 1,280,000. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.14 and a current ratio of 2.67. Oceaneering International has a one year low of $17.11 and a one year high of $29.53. The firm has a market capitalization of $2,170.00, a price-to-earnings ratio of -116.47 and a beta of 1.62.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $476.12 million during the quarter, compared to analysts’ expectations of $511.14 million. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The business’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. analysts anticipate that Oceaneering International will post -0.09 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Utah Retirement Systems lifted its position in Oceaneering International by 1.1% during the second quarter. Utah Retirement Systems now owns 17,982 shares of the oil and gas company’s stock worth $411,000 after buying an additional 200 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Oceaneering International by 3.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,605 shares of the oil and gas company’s stock worth $242,000 after buying an additional 330 shares in the last quarter. Harris Associates L P lifted its position in Oceaneering International by 2.1% during the second quarter. Harris Associates L P now owns 35,025 shares of the oil and gas company’s stock worth $800,000 after buying an additional 725 shares in the last quarter. Prudential Financial Inc. lifted its position in Oceaneering International by 1.4% during the second quarter. Prudential Financial Inc. now owns 60,526 shares of the oil and gas company’s stock worth $1,382,000 after buying an additional 860 shares in the last quarter. Finally, Isthmus Partners LLC lifted its position in Oceaneering International by 0.6% during the second quarter. Isthmus Partners LLC now owns 207,371 shares of the oil and gas company’s stock worth $4,736,000 after buying an additional 1,192 shares in the last quarter.

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About Oceaneering International

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

Analyst Recommendations for Oceaneering International (NYSE:OII)

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