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

Oceaneering International, Inc. (NYSE:OII)’s share price reached a new 52-week low on Monday . The stock traded as low as $18.87 and last traded at $19.23, with a volume of 855268 shares changing hands. The stock had previously closed at $19.95.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OII. TD Cowen boosted their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Friday, January 10th. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Finally, Barclays dropped their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Oceaneering International has a consensus rating of “Hold” and a consensus target price of $28.25.

Oceaneering International Price Performance

The firm has a market cap of $1.93 billion, a P/E ratio of 13.30 and a beta of 2.42. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.74 and a quick ratio of 1.46. The company’s 50-day moving average is $24.78 and its two-hundred day moving average is $25.64.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data 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). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Sell-side analysts anticipate that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Institutional Trading of Oceaneering International

Several large investors have recently bought and sold shares of the business. Brown Advisory Inc. boosted its stake in shares of Oceaneering International by 22.5% in the 4th quarter. Brown Advisory Inc. now owns 5,129,668 shares of the oil and gas company’s stock valued at $133,782,000 after purchasing an additional 941,849 shares in the last quarter. FIL Ltd acquired a new stake in Oceaneering International in the fourth quarter valued at approximately $18,864,000. American Century Companies Inc. grew its stake in shares of Oceaneering International by 14.3% during the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock worth $74,112,000 after buying an additional 355,290 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Oceaneering International during the fourth quarter worth $8,490,000. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Oceaneering International by 14.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,106,002 shares of the oil and gas company’s stock valued at $54,925,000 after acquiring an additional 267,230 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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.