Oceaneering International (NYSE:OII)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse Group in a research report issued on Monday. They currently have a $19.00 price target on the oil and gas company’s stock, down from their prior price target of $20.00. Credit Suisse Group’s target price suggests a potential upside of 1.55% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on OII. Cowen set a $21.00 price objective on Oceaneering International and gave the company a “hold” rating in a research note on Sunday, October 29th. Jefferies Group set a $18.00 price target on Oceaneering International and gave the company a “hold” rating in a research report on Sunday, October 29th. JPMorgan Chase & Co. decreased their price target on Oceaneering International from $21.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, October 30th. Citigroup decreased their price target on Oceaneering International from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Finally, Barclays decreased their price target on Oceaneering International from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.63.
Shares of Oceaneering International (NYSE OII) opened at $18.71 on Monday. Oceaneering International has a 52 week low of $17.11 and a 52 week high of $29.53. The stock has a market capitalization of $1,840.00, a PE ratio of -81.35 and a beta of 1.43. The company has a quick ratio of 2.14, a current ratio of 2.72 and a debt-to-equity ratio of 0.48.
Hedge funds and other institutional investors have recently modified their holdings of the company. Zions Bancorporation purchased a new position in shares of Oceaneering International during the third quarter worth about $100,000. Quantbot Technologies LP purchased a new position in shares of Oceaneering International during the third quarter worth about $103,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Oceaneering International during the fourth quarter worth about $112,000. State of Alaska Department of Revenue purchased a new position in shares of Oceaneering International during the fourth quarter worth about $120,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Oceaneering International by 121.2% during the third quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 2,865 shares in the last quarter. 96.94% of the stock is owned by institutional investors.
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Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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