Societe Generale set a $29.00 price target on Oceaneering International (NYSE:OII) in a report released on Friday. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised Oceaneering International from a hold rating to a buy rating and set a $30.00 price objective on the stock in a research report on Monday, July 16th. Seaport Global Securities reaffirmed a neutral rating on shares of Oceaneering International in a research report on Wednesday, August 29th. Cowen initiated coverage on Oceaneering International in a research report on Saturday, October 13th. They set a hold rating and a $27.00 price objective on the stock. TheStreet raised Oceaneering International from a d+ rating to a c rating in a research report on Thursday, July 26th. Finally, Gabelli raised Oceaneering International from a hold rating to a buy rating and set a $37.00 target price on the stock in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $24.86.

Oceaneering International stock opened at $18.80 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.17 and a current ratio of 2.50. Oceaneering International has a one year low of $17.41 and a one year high of $28.62. The firm has a market cap of $1.85 billion, a P/E ratio of -268.57 and a beta of 1.37.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported ($0.14) EPS for the quarter, beating the 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 company had revenue of $519.30 million for the quarter, compared to analysts’ expectations of $492.15 million. As a group, equities analysts anticipate that Oceaneering International will post -1.02 EPS for the current fiscal year.

In other Oceaneering International news, Director T Jay Collins sold 16,750 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $26.50, for a total value of $443,875.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

A number of large investors have recently made changes to their positions in OII. BlackRock Inc. raised its stake in shares of Oceaneering International by 31.3% in the second quarter. BlackRock Inc. now owns 11,198,680 shares of the oil and gas company’s stock worth $285,118,000 after buying an additional 2,667,334 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Oceaneering International by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,654,076 shares of the oil and gas company’s stock worth $194,872,000 after buying an additional 735,367 shares during the period. Fisher Asset Management LLC raised its stake 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 worth $84,074,000 after buying an additional 1,484,094 shares during the period. Millennium Management LLC raised its stake 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 worth $65,206,000 after buying an additional 275,126 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Oceaneering International by 82.3% in the second quarter. Northern Trust Corp now owns 1,557,801 shares of the oil and gas company’s stock worth $39,661,000 after buying an additional 703,347 shares during the period.

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.

Featured Article: Trading Strategy

Analyst Recommendations for Oceaneering International (NYSE:OII)

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.