Oceaneering International (OII) Given a $29.00 Price Target by Societe Generale Analysts

Oceaneering International (NYSE:OII) has been given a $29.00 price target by investment analysts at Societe Generale in a research report issued on Friday. The firm presently has a “buy” rating on the oil and gas company’s stock. Societe Generale’s target price suggests a potential upside of 54.26% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Gabelli upgraded Oceaneering International from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday, July 30th. Zacks Investment Research upgraded Oceaneering International from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, July 16th. Jefferies Financial Group reiterated a “hold” rating and set a $24.00 price target on shares of Oceaneering International in a research report on Friday, July 27th. Royal Bank of Canada reiterated a “buy” rating and set a $28.00 price target on shares of Oceaneering International in a research report on Friday, July 27th. Finally, TheStreet upgraded Oceaneering International from a “d+” rating to a “c” rating in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Oceaneering International presently has a consensus rating of “Hold” and an average target price of $24.86.

Shares of NYSE:OII traded down $0.46 during trading on Friday, hitting $18.80. The company’s stock had a trading volume of 2,128,389 shares, compared to its average volume of 925,697. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.17 and a current ratio of 2.50. Oceaneering International has a fifty-two week low of $17.41 and a fifty-two week high of $28.62. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -268.57 and a beta of 1.37.



Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. Oceaneering International had a negative return on equity of 5.33% and a net margin of 1.34%. The firm had revenue of $519.30 million for the quarter, compared to analysts’ expectations of $492.15 million. On average, equities research analysts predict that Oceaneering International will post -1.02 EPS for the current year.

In other news, Director T Jay Collins sold 16,750 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $26.50, for a total transaction of $443,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Oceaneering International by 31.3% during the second quarter. BlackRock Inc. now owns 11,198,680 shares of the oil and gas company’s stock worth $285,118,000 after acquiring an additional 2,667,334 shares in the last quarter. Fisher Asset Management LLC increased its position in Oceaneering International by 95.0% during the third quarter. Fisher Asset Management LLC now owns 3,046,161 shares of the oil and gas company’s stock worth $84,074,000 after buying an additional 1,484,094 shares during the last quarter. Legal & General Group Plc increased its position in Oceaneering International by 917.5% during the first quarter. Legal & General Group Plc now owns 1,548,354 shares of the oil and gas company’s stock worth $28,707,000 after buying an additional 1,396,187 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Oceaneering International by 10.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,654,076 shares of the oil and gas company’s stock worth $194,872,000 after buying an additional 735,367 shares during the last quarter. Finally, Northern Trust Corp increased its position in Oceaneering International by 82.3% during the second quarter. Northern Trust Corp now owns 1,557,801 shares of the oil and gas company’s stock worth $39,661,000 after buying an additional 703,347 shares during the last quarter.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Analyst Recommendations for Oceaneering International (NYSE:OII)

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