Cowen set a $27.00 target price on Oceaneering International (NYSE:OII) in a report issued on Thursday, January 11th. The brokerage currently has a hold rating on the oil and gas company’s stock.
Several other equities research analysts also recently issued reports on OII. Barclays began coverage on Oceaneering International in a research report on Friday, October 6th. They issued an equal weight rating and a $28.00 price target on the stock. Citigroup cut their price target on shares of Oceaneering International from $25.00 to $20.00 and set a neutral rating for the company in a research note on Monday, October 30th. Piper Jaffray Companies cut shares of Oceaneering International from an overweight rating to a neutral rating in a research note on Friday, October 27th. Societe Generale cut shares of Oceaneering International from a buy rating to a hold rating in a research note on Monday, October 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Oceaneering International from $21.00 to $17.00 and set an underweight rating for the company in a research note on Monday, October 30th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $23.46.
Oceaneering International (OII) traded down $0.48 on Thursday, hitting $20.41. The stock had a trading volume of 1,332,353 shares, compared to its average volume of 1,174,442. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. Oceaneering International has a one year low of $17.11 and a one year high of $29.53. The stock has a market capitalization of $2,053.05, a price-to-earnings ratio of -107.42 and a beta of 1.44.
Several hedge funds have recently modified their holdings of OII. Utah Retirement Systems grew its stake in Oceaneering International by 1.1% in the 2nd quarter. Utah Retirement Systems now owns 17,982 shares of the oil and gas company’s stock valued at $411,000 after buying an additional 200 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Oceaneering International by 3.2% during the 2nd 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 purchasing an additional 330 shares in the last quarter. Harris Associates L P grew its position in shares of Oceaneering International by 2.1% during the 2nd quarter. Harris Associates L P now owns 35,025 shares of the oil and gas company’s stock worth $800,000 after purchasing an additional 725 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Oceaneering International by 1.4% during the 2nd quarter. Prudential Financial Inc. now owns 60,526 shares of the oil and gas company’s stock worth $1,382,000 after purchasing an additional 860 shares in the last quarter. Finally, Isthmus Partners LLC grew its position in shares of Oceaneering International by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 207,371 shares of the oil and gas company’s stock worth $4,736,000 after purchasing an additional 1,192 shares in the last quarter. 99.69% of the stock is currently owned by institutional investors.
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Oceaneering International Company Profile
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).
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