TheStreet downgraded shares of Oceaneering International (NYSE:OII) from a c- rating to a d+ rating in a research report sent to investors on Tuesday morning.

Several other research firms also recently issued reports on OII. Royal Bank of Canada restated a buy rating and set a $28.00 price objective on shares of Oceaneering International in a report on Friday, July 27th. Credit Suisse Group lifted their price objective on Oceaneering International from $19.00 to $20.00 and gave the stock a neutral rating in a report on Friday, July 27th. Jefferies Financial Group restated a hold rating and set a $24.00 price objective on shares of Oceaneering International in a report on Friday, July 27th. SunTrust Banks set a $24.00 price objective on Oceaneering International and gave the stock a hold rating in a report on Tuesday, October 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Oceaneering International from a hold rating to a buy rating and set a $30.00 price objective on the stock in a report on Tuesday, July 24th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $25.38.

Shares of NYSE:OII opened at $17.41 on Tuesday. The stock has a market cap of $1.67 billion, a P/E ratio of -248.71 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 2.10 and a debt-to-equity ratio of 0.52. Oceaneering International has a one year low of $16.53 and a one year high of $28.62.

Oceaneering International (NYSE:OII) last announced its earnings results 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. The business had revenue of $519.30 million for the quarter, compared to the consensus estimate of $492.15 million. Oceaneering International had a negative return on equity of 5.33% and a net margin of 1.34%. On average, equities analysts forecast that Oceaneering International will post -1.11 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of OII. BlackRock Inc. grew its position in shares of Oceaneering International by 31.3% in the 2nd quarter. BlackRock Inc. now owns 11,198,680 shares of the oil and gas company’s stock worth $285,118,000 after acquiring an additional 2,667,334 shares in the last quarter. Fisher Asset Management LLC boosted its position in Oceaneering International by 95.0% during the 3rd 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 during the period. Eaton Vance Management boosted its position in Oceaneering International by 44.5% during the 3rd quarter. Eaton Vance Management now owns 2,481,019 shares of the oil and gas company’s stock valued at $68,476,000 after purchasing an additional 764,010 shares during the period. Dimensional Fund Advisors LP boosted its position in Oceaneering International by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,654,076 shares of the oil and gas company’s stock valued at $194,872,000 after purchasing an additional 735,367 shares during the period. Finally, Northern Trust Corp boosted its position in Oceaneering International by 82.3% during the 2nd quarter. Northern Trust Corp now owns 1,557,801 shares of the oil and gas company’s stock valued at $39,661,000 after purchasing 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.

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Analyst Recommendations for Oceaneering International (NYSE:OII)

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