Oceaneering International (NYSE:OII) Lowered to “Hold” at StockNews.com

Oceaneering International (NYSE:OII) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

OII has been the topic of several other reports. Barclays decreased their price target on Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Benchmark reiterated a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research report on Thursday.

Oceaneering International Stock Performance

OII traded up $0.35 during trading hours on Friday, hitting $24.90. The stock had a trading volume of 1,099,344 shares, compared to its average volume of 832,110. The company’s fifty day simple moving average is $22.54 and its 200 day simple moving average is $21.80. Oceaneering International has a 1 year low of $14.99 and a 1 year high of $27.46. The stock has a market cap of $2.52 billion, a PE ratio of 23.49 and a beta of 2.49. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.75.

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

Institutional Trading of Oceaneering International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its position in Oceaneering International by 5.0% in the third 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 last quarter. Natixis Advisors L.P. lifted its position in Oceaneering International by 2.0% in the third 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Oceaneering International by 3.9% in the fourth 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 last quarter. Los Angeles Capital Management LLC lifted its position in Oceaneering International by 1.3% in the third 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 last quarter. Finally, Russell Investments Group Ltd. lifted its position in Oceaneering International by 14.4% in the fourth 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 last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

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.