Wells Fargo & Co reiterated their underperform rating on shares of Oceaneering International (NYSE:OII) in a research report report published on Friday, Marketbeat.com reports.
Several other research analysts also recently commented on the stock. Capital One Financial downgraded shares of Oceaneering International from an overweight rating to an equal weight rating in a research note on Thursday, November 16th. Royal Bank of Canada reissued a buy rating and set a $27.00 price target on shares of Oceaneering International in a research note on Monday, October 30th. Tudor Pickering raised shares of Oceaneering International from a hold rating to a buy rating in a research note on Monday, November 6th. Cowen set a $21.00 price target on shares of Oceaneering International and gave the stock a hold rating in a research note on Sunday, October 29th. Finally, Zacks Investment Research raised shares of Oceaneering International from a sell rating to a hold rating in a research note on Thursday, November 9th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $24.10.
Shares of Oceaneering International (NYSE OII) traded down $0.62 on Friday, reaching $22.44. 1,452,055 shares of the company were exchanged, compared to its average volume of 1,280,000. The stock has a market capitalization of $2,210.00, a P/E ratio of -118.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. Oceaneering International has a 1-year low of $17.11 and a 1-year high of $29.53.
Institutional investors have recently modified their holdings of the company. Zions Bancorporation bought a new position in shares of Oceaneering International in the third quarter worth approximately $100,000. Quantbot Technologies LP bought a new position in shares of Oceaneering International in the third quarter worth approximately $103,000. Pacad Investment Ltd. grew its holdings in shares of Oceaneering International by 231.3% in the second quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 3,700 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Oceaneering International by 121.2% in the third quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 2,865 shares during the last quarter. Finally, World Asset Management Inc bought a new position in shares of Oceaneering International in the third quarter worth approximately $201,000.
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About Oceaneering International
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).
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