ValuEngine cut shares of Oceaneering International (NYSE:OII) from a hold rating to a sell rating in a research note released on Friday morning.
Several other equities analysts have also issued reports on OII. Barclays assumed coverage on Oceaneering International in a research note on Friday, October 6th. They set an equal weight rating and a $28.00 price target on the stock. Cowen set a $28.00 price target on Oceaneering International and gave the company a hold rating in a research note on Friday, October 6th. Piper Jaffray Companies lowered Oceaneering International from an overweight rating to a neutral rating in a research note on Friday, October 27th. Citigroup lowered their price target on Oceaneering International from $25.00 to $20.00 and set a neutral rating on the stock in a research note on Monday, October 30th. Finally, Societe Generale lowered Oceaneering International from a buy rating to a hold rating in a research note on Monday, October 30th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $23.46.
Oceaneering International (NYSE:OII) opened at $19.72 on Friday. Oceaneering International has a 12 month low of $17.11 and a 12 month high of $29.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.14 and a current ratio of 2.67. The stock has a market capitalization of $2,005.88, a PE ratio of 680.33 and a beta of 1.44.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OII. Janus Henderson Group PLC acquired a new stake in Oceaneering International during the second quarter valued at approximately $22,929,000. Majedie Asset Management Ltd boosted its holdings in Oceaneering International by 69.7% during the fourth quarter. Majedie Asset Management Ltd now owns 1,799,717 shares of the oil and gas company’s stock valued at $38,046,000 after purchasing an additional 738,968 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Oceaneering International by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 4,936,686 shares of the oil and gas company’s stock valued at $129,688,000 after purchasing an additional 731,348 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Oceaneering International by 169.8% in the 2nd quarter. Royal Bank of Canada now owns 289,277 shares of the oil and gas company’s stock worth $6,606,000 after acquiring an additional 703,599 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its holdings in shares of Oceaneering International by 60.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 927,136 shares of the oil and gas company’s stock worth $24,356,000 after acquiring an additional 347,505 shares in the last quarter. 99.69% of the stock is currently owned by institutional investors.
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Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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