Oceaneering International (OII) PT Lowered to $18.00 at Barclays

Oceaneering International (NYSE:OII) had its price objective reduced by research analysts at Barclays from $20.00 to $18.00 in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the oil and gas company’s stock. Barclays’ price objective indicates a potential downside of 0.17% from the company’s current price.

Several other equities research analysts have also commented on OII. Societe Generale set a $29.00 target price on shares of Oceaneering International and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada set a $27.00 target price on shares of Oceaneering International and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Co boosted their target price on shares of Oceaneering International from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Jefferies Financial Group restated a “hold” rating and set a $24.00 target price on shares of Oceaneering International in a research report on Friday, July 27th. Finally, Credit Suisse Group boosted their target price on shares of Oceaneering International from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Oceaneering International has an average rating of “Hold” and a consensus price target of $24.71.

Shares of NYSE OII traded up $0.29 during trading on Monday, hitting $18.03. 6,961 shares of the company were exchanged, compared to its average volume of 973,707. The firm has a market capitalization of $1.85 billion, a P/E ratio of -257.29 and a beta of 1.37. Oceaneering International has a 1 year low of $17.41 and a 1 year high of $28.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.17 and a current ratio of 2.50.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, October 24th. The oil and gas company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.02. The company had revenue of $519.30 million for the quarter, compared to analyst estimates of $492.15 million. Oceaneering International had a net margin of 1.34% and a negative return on equity of 5.33%. On average, sell-side analysts forecast that Oceaneering International will post -1.02 earnings per share for the current fiscal year.

In related news, Director T Jay Collins sold 16,750 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $26.50, for a total value of $443,875.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio boosted its position in shares of Oceaneering International by 330.0% in the 3rd quarter. Strs Ohio now owns 4,300 shares of the oil and gas company’s stock worth $118,000 after buying an additional 3,300 shares in the last quarter. Boys Arnold & Co. Inc. purchased a new position in Oceaneering International in the 2nd quarter valued at about $204,000. Meridian Management Co. purchased a new position in Oceaneering International in the 2nd quarter valued at about $204,000. Bbva Compass Bancshares Inc. purchased a new position in Oceaneering International in the 2nd quarter valued at about $226,000. Finally, Laurel Wealth Advisors Inc. purchased a new position in Oceaneering International in the 2nd quarter valued at about $229,000.

Oceaneering International Company Profile

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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