New York: Oceaneering International (NYSE:OII) Stock Has Just Had Its Buy Rating Reiterated by RBC Capital. Shares now Have a $27.0 Target

January 20, 2018 - By Stephen Andrade

 New York: Oceaneering International (NYSE:OII) Stock Has Just Had Its Buy Rating Reiterated by RBC Capital. Shares now Have a $27.0 Target

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.11, from 1.18 in 2017Q2. It improved, as 28 investors sold Oceaneering International, Inc. shares while 72 reduced holdings. 37 funds opened positions while 92 raised stakes. 99.43 million shares or 3.68% more from 95.90 million shares in 2017Q2 were reported.

Ig Limited owns 0% invested in Oceaneering International, Inc. (NYSE:OII) for 13,727 shares. 8,000 were reported by Meridian Mngmt Comm. Putnam Lc has invested 0% in Oceaneering International, Inc. (NYSE:OII). Pinebridge Invs Ltd Partnership holds 0.02% in Oceaneering International, Inc. (NYSE:OII) or 38,975 shares. California State Teachers Retirement Systems holds 0.01% or 171,442 shares in its portfolio. Columbia Wanger Asset Mngmt Ltd owns 0.4% invested in Oceaneering International, Inc. (NYSE:OII) for 1.04 million shares. State Teachers Retirement has 176,341 shares. Lsv Asset Management stated it has 350,800 shares. Dupont Cap Management invested in 0.12% or 209,600 shares. Moreover, Canada Pension Plan Board has 0.01% invested in Oceaneering International, Inc. (NYSE:OII). Systematic Ltd Partnership reported 63,890 shares. 42,333 were reported by Public Employees Retirement System Of Ohio. Liberty Mutual Asset Management Inc invested in 0.04% or 25,702 shares. Boys Arnold And accumulated 8,000 shares. Illinois-based Magnetar has invested 0.04% in Oceaneering International, Inc. (NYSE:OII).

Since September 21, 2017, it had 0 insider purchases, and 2 insider sales for $104,202 activity. The insider MURPHY PAUL B JR sold 2,000 shares worth $52,682.

Oceaneering International (NYSE:OII) Rating Reaffirmed

RBC Capital now has a $27.0 target price per share on the $2.18B market cap company or 21.90 % upside potential. In a research note shared with investors on Sunday morning, Oceaneering International (NYSE:OII) shares have had their Buy Rating reconfirmed by expert analysts at RBC Capital.

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.11, from 1.18 in 2017Q2. It improved, as 28 investors sold Oceaneering International, Inc. shares while 72 reduced holdings. 37 funds opened positions while 92 raised stakes. 99.43 million shares or 3.68% more from 95.90 million shares in 2017Q2 were reported.

Ig Limited owns 0% invested in Oceaneering International, Inc. (NYSE:OII) for 13,727 shares. 8,000 were reported by Meridian Mngmt Comm. Putnam Lc has invested 0% in Oceaneering International, Inc. (NYSE:OII). Pinebridge Invs Ltd Partnership holds 0.02% in Oceaneering International, Inc. (NYSE:OII) or 38,975 shares. California State Teachers Retirement Systems holds 0.01% or 171,442 shares in its portfolio. Columbia Wanger Asset Mngmt Ltd owns 0.4% invested in Oceaneering International, Inc. (NYSE:OII) for 1.04 million shares. State Teachers Retirement has 176,341 shares. Lsv Asset Management stated it has 350,800 shares. Dupont Cap Management invested in 0.12% or 209,600 shares. Moreover, Canada Pension Plan Board has 0.01% invested in Oceaneering International, Inc. (NYSE:OII). Systematic Ltd Partnership reported 63,890 shares. 42,333 were reported by Public Employees Retirement System Of Ohio. Liberty Mutual Asset Management Inc invested in 0.04% or 25,702 shares. Boys Arnold And accumulated 8,000 shares. Illinois-based Magnetar has invested 0.04% in Oceaneering International, Inc. (NYSE:OII).

Since September 21, 2017, it had 0 insider purchases, and 2 insider sales for $104,202 activity. The insider MURPHY PAUL B JR sold 2,000 shares worth $52,682.

Oceaneering International, Inc. (NYSE:OII) Ratings Coverage

Among 27 analysts covering Oceaneering International (NYSE:OII), 6 have Buy rating, 4 Sell and 17 Hold. Therefore 22% are positive. Oceaneering International has $69 highest and $17 lowest target. $30.50’s average target is 37.70% above currents $22.15 stock price. Oceaneering International had 69 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, April 24 with “Sell”. Piper Jaffray maintained it with “Buy” rating and $28.0 target in Monday, October 2 report. As per Friday, October 27, the company rating was downgraded by PiperJaffray. As per Monday, May 2, the company rating was maintained by Cowen & Co. The firm earned “Hold” rating on Wednesday, January 18 by Suntrust Robinson. Piper Jaffray downgraded Oceaneering International, Inc. (NYSE:OII) on Friday, October 27 to “Hold” rating. As per Friday, July 24, the company rating was maintained by Cowen & Co. Wells Fargo downgraded the stock to “Sell” rating in Friday, January 12 report. Jefferies maintained Oceaneering International, Inc. (NYSE:OII) on Monday, June 19 with “Hold” rating. On Friday, February 12 the stock rating was maintained by Cowen & Co with “Market Perform”.

The stock increased 1.51% or $0.33 during the last trading session, reaching $22.15. About 823,574 shares traded. Oceaneering International, Inc. (NYSE:OII) has declined 15.63% since January 20, 2017 and is downtrending. It has underperformed by 32.33% the S&P500.

Analysts await Oceaneering International, Inc. (NYSE:OII) to report earnings on February, 14. They expect $-0.09 EPS, down 400.00 % or $0.12 from last year’s $0.03 per share. After $0.02 actual EPS reported by Oceaneering International, Inc. for the previous quarter, Wall Street now forecasts -550.00 % negative EPS growth.

Oceaneering International, Inc. provides engineered services and products to the offshore gas and oil, defense, aerospace, and commercial theme park industries worldwide. The company has market cap of $2.18 billion. The company??s Remotely Operated Vehicles segment offers submersible vehicles for drill support, vessel inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services. It currently has negative earnings. As of December 31, 2016, this segment owned 280 work-class ROVs.

Another recent and important Oceaneering International, Inc. (NYSE:OII) news was published by Seekingalpha.com which published an article titled: “Oceaneering wins Johan Castberg contract” on January 10, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.