Barclays reiterated their buy rating on shares of Oceaneering International (NYSE:OII) in a research report report published on Sunday morning, AnalystRatings.com reports. Barclays currently has a $21.00 price target on the oil and gas company’s stock.
Several other research analysts have also weighed in on OII. Cowen reissued a market perform rating and set a $19.00 price objective (up previously from $16.00) on shares of Oceaneering International in a research note on Friday, May 3rd. ValuEngine raised shares of Oceaneering International from a hold rating to a buy rating in a research note on Wednesday, May 1st. Societe Generale set a $17.00 price objective on shares of Oceaneering International and gave the stock a hold rating in a research note on Friday, February 15th. Zacks Investment Research raised shares of Oceaneering International from a sell rating to a hold rating in a research note on Thursday, January 17th. Finally, Jefferies Financial Group raised shares of Oceaneering International from a hold rating to a buy rating and lifted their price objective for the stock from $15.00 to $18.00 in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $21.71.
Shares of NYSE OII opened at $19.35 on Friday. The stock has a market capitalization of $1.89 billion, a PE ratio of -27.25 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.03 and a current ratio of 2.44. Oceaneering International has a 1 year low of $10.74 and a 1 year high of $28.62.
Oceaneering International (NYSE:OII) last issued its earnings results on Monday, April 29th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.21. The company had revenue of $493.89 million for the quarter, compared to analyst estimates of $466.33 million. Oceaneering International had a negative net margin of 9.46% and a negative return on equity of 3.64%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) EPS. Analysts expect that Oceaneering International will post -0.91 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Oceaneering International by 2.3% during the 4th quarter. BlackRock Inc. now owns 11,614,045 shares of the oil and gas company’s stock worth $140,529,000 after buying an additional 262,078 shares during the period. Vanguard Group Inc. raised its holdings in Oceaneering International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,008,693 shares of the oil and gas company’s stock worth $248,639,000 after buying an additional 116,111 shares during the period. Dimensional Fund Advisors LP raised its holdings in Oceaneering International by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,934,281 shares of the oil and gas company’s stock worth $96,005,000 after buying an additional 110,317 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Oceaneering International by 9.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,137,940 shares of the oil and gas company’s stock worth $37,969,000 after buying an additional 260,054 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Oceaneering International by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 3,087,935 shares of the oil and gas company’s stock worth $37,364,000 after buying an additional 41,774 shares during the period.
Oceaneering International Company Profile
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to 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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