Oceaneering International (NYSE:OII) Receives “Buy” Rating from Benchmark

Benchmark reiterated their buy rating on shares of Oceaneering International (NYSE:OII) in a research note published on Thursday morning, Benzinga reports. They currently have a $34.00 price objective on the oil and gas company’s stock.

OII has been the topic of several other reports. Barclays dropped their price objective on Oceaneering International from $23.00 to $22.00 and set an equal weight rating on the stock in a report on Thursday, February 29th. StockNews.com upgraded Oceaneering International from a hold rating to a buy rating in a report on Thursday, April 18th.

Oceaneering International Stock Performance

NYSE OII opened at $24.34 on Thursday. The business’s 50-day simple moving average is $22.49 and its 200-day simple moving average is $21.79. The firm has a market capitalization of $2.47 billion, a P/E ratio of 23.16 and a beta of 2.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.78 and a quick ratio of 1.50. Oceaneering International has a 1-year low of $14.99 and a 1-year high of $27.46.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.16). The company had revenue of $599.09 million for the quarter, compared to analyst estimates of $613.58 million. Oceaneering International had a return on equity of 15.10% and a net margin of 4.36%. Equities analysts predict that Oceaneering International will post 1.54 EPS for the current year.

Institutional Investors Weigh In On Oceaneering International

Institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its position in Oceaneering International by 5.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,632 shares of the oil and gas company’s stock valued at $273,000 after purchasing an additional 510 shares during the period. Natixis Advisors L.P. boosted its position in Oceaneering International by 2.0% during the 3rd quarter. Natixis Advisors L.P. now owns 33,859 shares of the oil and gas company’s stock valued at $871,000 after purchasing an additional 659 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Oceaneering International by 3.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,757 shares of the oil and gas company’s stock valued at $463,000 after purchasing an additional 824 shares during the period. Los Angeles Capital Management LLC boosted its position in Oceaneering International by 1.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 71,211 shares of the oil and gas company’s stock valued at $1,832,000 after purchasing an additional 904 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Oceaneering International by 14.4% during the 4th quarter. Russell Investments Group Ltd. now owns 15,553 shares of the oil and gas company’s stock valued at $331,000 after purchasing an additional 1,961 shares during the period. 93.93% of the stock is currently owned by institutional investors.

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.