Oceaneering International, Inc. (NYSE:OII) Receives $28.00 Average Price Target from Analysts

Oceaneering International, Inc. (NYSE:OII) has received an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $28.00.

OII has been the subject of a number of research reports. Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research note on Sunday, June 1st. Finally, Barclays decreased their target price on Oceaneering International from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th.

Institutional Investors Weigh In On Oceaneering International

Several hedge funds and other institutional investors have recently bought and sold shares of OII. Teacher Retirement System of Texas purchased a new stake in shares of Oceaneering International in the 4th quarter valued at approximately $531,000. Old West Investment Management LLC acquired a new position in Oceaneering International in the fourth quarter valued at approximately $1,565,000. Charles Schwab Investment Management Inc. grew its position in Oceaneering International by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock worth $33,869,000 after acquiring an additional 58,081 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Oceaneering International during the first quarter worth $546,000. Finally, Principal Financial Group Inc. raised its position in Oceaneering International by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock valued at $13,748,000 after purchasing an additional 16,269 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Stock Down 1.0%

Shares of OII opened at $21.35 on Tuesday. The firm has a market cap of $2.15 billion, a P/E ratio of 11.99 and a beta of 1.48. Oceaneering International has a 12 month low of $15.46 and a 12 month high of $30.98. The stock’s 50 day moving average is $19.27 and its two-hundred day moving average is $22.10. The company has a current ratio of 1.89, a quick ratio of 1.58 and a debt-to-equity ratio of 0.62.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $674.52 million for the quarter, compared to analysts’ expectations of $651.96 million. Oceaneering International had a net margin of 6.68% and a return on equity of 20.59%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Analysts predict that Oceaneering International will post 1.78 earnings per share for the current fiscal year.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.