Oceaneering International (NYSE:OII) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Oceaneering International (NYSE:OII) from a hold rating to a buy rating in a research report report published on Thursday.

Separately, Barclays dropped their price target on shares of Oceaneering International from $23.00 to $22.00 and set an equal weight rating on the stock in a research report on Thursday, February 29th.

Oceaneering International Stock Down 1.1 %

Oceaneering International stock opened at $22.28 on Thursday. Oceaneering International has a 1-year low of $14.99 and a 1-year high of $27.46. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 23.45 and a beta of 2.49. The firm’s fifty day moving average price is $22.27 and its two-hundred day moving average price is $21.82. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Oceaneering International had a net margin of 4.02% and a return on equity of 14.00%. The business had revenue of $654.60 million during the quarter, compared to the consensus estimate of $624.81 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities research analysts predict that Oceaneering International will post 1.54 earnings per share for the current fiscal year.

Institutional Trading of Oceaneering International

A number of large investors have recently added to or reduced their stakes in OII. Envestnet Asset Management Inc. purchased a new stake in Oceaneering International during the first quarter worth about $161,000. Advisor Group Holdings Inc. increased its holdings in Oceaneering International by 111.6% during the first quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock worth $47,000 after buying an additional 1,635 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Oceaneering International by 8.0% during the first quarter. JPMorgan Chase & Co. now owns 831,624 shares of the oil and gas company’s stock worth $12,608,000 after buying an additional 61,875 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Oceaneering International by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 1,161,002 shares of the oil and gas company’s stock worth $17,601,000 after buying an additional 63,235 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Oceaneering International by 1.7% during the first quarter. Citigroup Inc. now owns 96,060 shares of the oil and gas company’s stock worth $1,456,000 after buying an additional 1,617 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Company Profile

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.