Oceaneering International (NYSE:OII) Reaches New 1-Year Low – Should You Sell?

Oceaneering International, Inc. (NYSE:OII) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.86 and last traded at $19.82, with a volume of 14517 shares trading hands. The stock had previously closed at $20.73.

Wall Street Analysts Forecast Growth

OII has been the subject of a number of analyst reports. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Friday, January 10th. StockNews.com downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. TD Cowen boosted their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Barclays lowered their price target on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.25.

Oceaneering International Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 13.56 and a beta of 2.38. The business’s 50 day moving average is $25.14 and its 200 day moving average is $25.78.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $713.45 million during the quarter, compared to analysts’ expectations of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. Sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Hedge Funds Weigh In On Oceaneering International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp lifted its stake in Oceaneering International by 87.9% during the 4th quarter. Mackenzie Financial Corp now owns 18,087 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 8,459 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Oceaneering International by 10.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 160,599 shares of the oil and gas company’s stock worth $4,188,000 after buying an additional 14,822 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in Oceaneering International during the fourth quarter worth about $379,000. Teza Capital Management LLC purchased a new stake in Oceaneering International in the 4th quarter worth approximately $528,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Oceaneering International during the 4th quarter worth approximately $200,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.