Oceaneering International, Inc. (NYSE:OII) Receives Consensus Rating of “Hold” from Analysts

Oceaneering International, Inc. (NYSE:OII) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $29.25.

A number of brokerages have issued reports on OII. Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Friday, January 10th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $22.00 to $26.00 in a report on Wednesday, December 18th. TD Cowen boosted their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Benchmark reissued a “buy” rating and issued a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th.

Oceaneering International Price Performance

Oceaneering International stock opened at $25.69 on Wednesday. The company’s 50 day simple moving average is $25.83 and its 200-day simple moving average is $26.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. Oceaneering International has a 1 year low of $19.68 and a 1 year high of $30.98. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 19.46 and a beta of 2.38.

Hedge Funds Weigh In On Oceaneering International

A number of institutional investors and hedge funds have recently made changes to their positions in OII. R Squared Ltd acquired a new stake in Oceaneering International in the fourth quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its holdings in shares of Oceaneering International by 3,594.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,905 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Oceaneering International during the third quarter worth $57,000. GAMMA Investing LLC raised its stake in Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 1,412 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Oceaneering International by 191.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,244 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 2,131 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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.