Brokerages Set Oceaneering International (OII) Target Price at $25.00

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Shares of Oceaneering International (NYSE:OII) have been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the company, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.00.

Several equities analysts recently weighed in on the company. Societe Generale set a $29.00 price target on Oceaneering International and gave the company a “buy” rating in a research note on Friday, October 26th. Royal Bank of Canada set a $27.00 price target on Oceaneering International and gave the company a “buy” rating in a research note on Friday, October 26th. Seaport Global Securities reiterated a “neutral” rating on shares of Oceaneering International in a research note on Wednesday, August 29th. SunTrust Banks set a $24.00 price objective on Oceaneering International and gave the stock a “hold” rating in a research note on Tuesday, October 16th. They noted that the move was a valuation call. Finally, Cowen assumed coverage on Oceaneering International in a research note on Saturday, October 13th. They set a “hold” rating and a $27.00 price objective for the company.

Shares of Oceaneering International stock traded down $0.15 on Monday, hitting $15.59. The company’s stock had a trading volume of 1,121,399 shares, compared to its average volume of 780,277. The company has a quick ratio of 2.10, a current ratio of 2.50 and a debt-to-equity ratio of 0.52. Oceaneering International has a 1 year low of $15.36 and a 1 year high of $28.62. The firm has a market cap of $1.55 billion, a PE ratio of -222.71 and a beta of 1.68.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. Oceaneering International had a negative return on equity of 5.33% and a net margin of 1.34%. The firm had revenue of $519.30 million during the quarter, compared to analyst estimates of $492.15 million. On average, sell-side analysts expect that Oceaneering International will post -1.11 EPS for the current year.

A number of large investors have recently bought and sold shares of OII. BlackRock Inc. grew its position in shares of Oceaneering International by 1.4% in the third quarter. BlackRock Inc. now owns 11,351,967 shares of the oil and gas company’s stock valued at $313,314,000 after purchasing an additional 153,287 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Oceaneering International by 1.3% in the third quarter. Vanguard Group Inc. now owns 9,008,693 shares of the oil and gas company’s stock valued at $248,639,000 after purchasing an additional 116,111 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Oceaneering International by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 7,823,964 shares of the oil and gas company’s stock valued at $215,942,000 after purchasing an additional 169,888 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Oceaneering International by 95.0% in the third quarter. Fisher Asset Management LLC now owns 3,046,161 shares of the oil and gas company’s stock valued at $84,074,000 after purchasing an additional 1,484,094 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Oceaneering International by 12.0% in the second quarter. Millennium Management LLC now owns 2,561,127 shares of the oil and gas company’s stock valued at $65,206,000 after purchasing an additional 275,126 shares in the last quarter.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Analyst Recommendations for Oceaneering International (NYSE:OII)

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