Oceaneering International (NYSE:OII) Stock Rating Reaffirmed by Benchmark

Benchmark reaffirmed their buy rating on shares of Oceaneering International (NYSE:OII) in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a $34.00 target price on the oil and gas company’s stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Oceaneering International from a buy rating to a hold rating in a research note on Friday, April 26th. Barclays reaffirmed an underweight rating and set a $21.00 target price (down from $22.00) on shares of Oceaneering International in a research note on Tuesday, May 14th. Finally, Citigroup raised their target price on shares of Oceaneering International from $25.00 to $28.00 and gave the company a buy rating in a research note on Wednesday, July 3rd.

Oceaneering International Stock Performance

Shares of NYSE OII opened at $29.75 on Thursday. The firm has a fifty day moving average price of $23.64 and a 200-day moving average price of $22.64. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.72 and a quick ratio of 1.45. The stock has a market cap of $3.02 billion, a PE ratio of 28.07 and a beta of 2.39. Oceaneering International has a 1 year low of $18.67 and a 1 year high of $30.41.

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

Hedge Funds Weigh In On Oceaneering International

Institutional investors and hedge funds have recently made changes to their positions in the business. Glenorchy Capital Ltd purchased a new position in shares of Oceaneering International in the 4th quarter worth $1,488,000. Dimensional Fund Advisors LP lifted its holdings in shares of Oceaneering International by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,662,198 shares of the oil and gas company’s stock worth $56,654,000 after acquiring an additional 34,181 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Oceaneering International in the 4th quarter worth about $1,073,000. Hennessy Advisors Inc. lifted its holdings in shares of Oceaneering International by 18.8% in the 1st quarter. Hennessy Advisors Inc. now owns 1,166,500 shares of the oil and gas company’s stock worth $27,296,000 after acquiring an additional 184,300 shares during the last quarter. Finally, Hawk Ridge Capital Management LP bought a new stake in shares of Oceaneering International in the 4th quarter worth about $8,884,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.