Oceaneering International (NYSE:OII) Price Target Increased to $24.00 by Analysts at Barclays

Oceaneering International (NYSE:OII) had its target price increased by Barclays from $21.00 to $24.00 in a report published on Wednesday, Benzinga reports. Barclays currently has an underweight rating on the oil and gas company’s stock.

A number of other equities research analysts have also commented on the company. Benchmark restated a buy rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Thursday, July 25th. Citigroup raised their price objective on Oceaneering International from $25.00 to $28.00 and gave the stock a buy rating in a research report on Wednesday, July 3rd. Finally, StockNews.com lowered Oceaneering International from a buy rating to a hold rating in a research report on Friday, April 26th.

Oceaneering International Trading Down 8.8 %

Shares of OII opened at $26.43 on Wednesday. The business’s 50-day moving average price is $24.17 and its 200 day moving average price is $22.94. The stock has a market capitalization of $2.68 billion, a P/E ratio of 24.93 and a beta of 2.39. Oceaneering International has a 1-year low of $18.67 and a 1-year high of $30.45. The company has a current ratio of 1.72, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Oceaneering International had a return on equity of 15.78% and a net margin of 4.87%. The business had revenue of $668.81 million for the quarter, compared to analyst estimates of $656.87 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. Analysts expect that Oceaneering International will post 1.4 earnings per share for the current year.

Institutional Investors Weigh In On Oceaneering International

Several institutional investors have recently made changes to their positions in OII. Neo Ivy Capital Management acquired a new stake in shares of Oceaneering International during the 4th quarter valued at about $44,000. Pineridge Advisors LLC acquired a new stake in Oceaneering International in the 4th quarter worth approximately $44,000. EntryPoint Capital LLC lifted its holdings in Oceaneering International by 105.2% in the 1st quarter. EntryPoint Capital LLC now owns 2,192 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 1,124 shares during the last quarter. CWM LLC lifted its holdings in Oceaneering International by 351.9% in the 2nd quarter. CWM LLC now owns 2,612 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,034 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Oceaneering International in the 1st quarter worth approximately $105,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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.