Jefferies Group LLC set a $18.00 price target on Oceaneering International, Inc. (NYSE:OII) in a research report released on Sunday. The firm currently has a hold rating on the oil and gas company’s stock.

Several other brokerages also recently commented on OII. Zacks Investment Research raised shares of Oceaneering International from a sell rating to a hold rating in a research note on Saturday, July 15th. Piper Jaffray Companies downgraded shares of Oceaneering International from an overweight rating to a neutral rating in a research report on Friday, October 27th. J P Morgan Chase & Co reduced their price objective on shares of Oceaneering International from $22.00 to $21.00 and set an underweight rating on the stock in a research report on Tuesday, September 12th. Barclays PLC began coverage on shares of Oceaneering International in a research report on Friday, October 6th. They set an equal weight rating and a $28.00 price objective on the stock. Finally, Royal Bank Of Canada raised shares of Oceaneering International from an underperform rating to an outperform rating and boosted their price objective for the company from $25.00 to $33.00 in a research report on Friday, August 25th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $24.84.

Shares of Oceaneering International (NYSE:OII) opened at 20.22 on Friday. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $32.12. The stock’s 50 day moving average is $24.89 and its 200 day moving average is $24.56. The firm’s market capitalization is $1.99 billion.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The firm had revenue of $476.12 million during the quarter, compared to analysts’ expectations of $511.14 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Oceaneering International will post ($0.05) EPS for the current year.

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In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total transaction of $52,680.00. Following the transaction, the director now owns 16,600 shares in the company, valued at approximately $437,244. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of OII. UBS Asset Management Americas Inc. lifted its stake in Oceaneering International by 28.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 86,674 shares of the oil and gas company’s stock valued at $2,347,000 after acquiring an additional 18,974 shares during the period. OppenheimerFunds Inc. lifted its stake in Oceaneering International by 29.6% during the 1st quarter. OppenheimerFunds Inc. now owns 21,738 shares of the oil and gas company’s stock valued at $589,000 after acquiring an additional 4,971 shares during the period. Teachers Advisors LLC lifted its stake in Oceaneering International by 131.6% during the 1st quarter. Teachers Advisors LLC now owns 967,472 shares of the oil and gas company’s stock valued at $26,199,000 after acquiring an additional 549,786 shares during the period. Legal & General Group Plc lifted its stake in Oceaneering International by 47.8% during the 1st quarter. Legal & General Group Plc now owns 115,496 shares of the oil and gas company’s stock valued at $3,126,000 after acquiring an additional 37,359 shares during the period. Finally, BlackRock Inc. lifted its stake in Oceaneering International by 10,555.3% during the 1st quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock valued at $230,542,000 after acquiring an additional 8,433,478 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

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).

Analyst Recommendations for Oceaneering International (NYSE:OII)

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