Oceaneering International (OII) Receives Average Recommendation of “Hold” from Analysts
Oceaneering International (NYSE:OII) has earned an average recommendation of “Hold” from the twenty-four analysts that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $21.32.
OII has been the topic of a number of research reports. Tudor Pickering raised Oceaneering International from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Capital One Financial downgraded Oceaneering International from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 16th. Royal Bank of Canada set a $22.00 price objective on Oceaneering International and gave the stock a “buy” rating in a research note on Thursday, December 21st. Finally, Jefferies Group downgraded Oceaneering International from a “hold” rating to an “underperform” rating and set a $18.00 price objective for the company. in a research note on Thursday, January 4th.
Oceaneering International (OII) opened at $18.16 on Friday. Oceaneering International has a 52 week low of $17.11 and a 52 week high of $28.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.14 and a current ratio of 2.72. The firm has a market capitalization of $1,770.00, a P/E ratio of -78.96 and a beta of 1.46.
Several hedge funds have recently added to or reduced their stakes in OII. Zions Bancorporation bought a new position in shares of Oceaneering International in the third quarter valued at approximately $100,000. Quantbot Technologies LP bought a new position in shares of Oceaneering International in the third quarter valued at approximately $103,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Oceaneering International in the fourth quarter valued at approximately $112,000. State of Alaska Department of Revenue bought a new position in shares of Oceaneering International in the fourth quarter valued at approximately $120,000. Finally, World Asset Management Inc bought a new position in shares of Oceaneering International in the third quarter valued at approximately $201,000. 96.94% of the stock is owned by institutional investors.
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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).
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