Oceaneering International (NYSE:OII) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday, ValuEngine reports.

OII has been the subject of a number of other reports. Cowen reissued a “market perform” rating and issued a $19.00 target price (up from $16.00) on shares of Oceaneering International in a research note on Friday, May 3rd. Jefferies Financial Group raised Oceaneering International from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.00 to $18.00 in a research note on Friday, March 15th. Goldman Sachs Group began coverage on Oceaneering International in a research note on Sunday, March 10th. They issued a “neutral” rating and a $18.00 target price for the company. Seaport Global Securities raised Oceaneering International from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 7th. Finally, Barclays raised Oceaneering International from an “equal weight” rating to an “overweight” rating and set a $19.00 target price for the company in a research note on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.71.

NYSE OII opened at $16.40 on Friday. The stock has a market capitalization of $1.67 billion, a P/E ratio of -23.10 and a beta of 2.09. The company has a quick ratio of 2.03, a current ratio of 2.44 and a debt-to-equity ratio of 0.69. Oceaneering International has a 12 month low of $10.74 and a 12 month high of $28.62.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Monday, April 29th. The oil and gas company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The business had revenue of $493.89 million during the quarter, compared to the consensus estimate of $466.33 million. Oceaneering International had a negative return on equity of 3.64% and a negative net margin of 9.46%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.41) earnings per share. On average, equities research analysts predict that Oceaneering International will post -0.75 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in shares of Oceaneering International by 8.7% during the first quarter. FMR LLC now owns 12,466,488 shares of the oil and gas company’s stock worth $196,597,000 after buying an additional 1,001,484 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of Oceaneering International during the first quarter worth about $161,000. Man Group plc acquired a new position in shares of Oceaneering International during the first quarter worth about $893,000. SEI Investments Co boosted its position in shares of Oceaneering International by 33.1% during the first quarter. SEI Investments Co now owns 144,172 shares of the oil and gas company’s stock worth $2,273,000 after buying an additional 35,883 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Oceaneering International by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 969,069 shares of the oil and gas company’s stock worth $15,282,000 after buying an additional 34,992 shares during the period. 96.74% of the stock is owned by institutional investors.

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.

Featured Story: Cryptocurrencies

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.