Guggenheim Starts Stock Coverage on Oceaneering International (OII)
Other equities research analysts have also recently issued reports about the stock. Analysts at Cap One Southco upgraded shares of Oceaneering International from a “neutral” rating to an “add” rating in a research note to investors on Thursday, May 10th. Separately, analysts at Societe Generale upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note to investors on Thursday, May 10th. Finally, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Oceaneering International in a research note to investors on Tuesday, May 8th.
Oceaneering International traded down 0.94% on Tuesday, hitting $47.35. Oceaneering International has a 1-year low of $31.77 and a 1-year high of $57.16. The company has a market cap of $5.128 billion and a price-to-earnings ratio of 21.34.
Oceaneering International last released its earnings data on Wednesday, April 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Analysts expect that Oceaneering International will post $0.76 EPS next quarter.
Oceaneering International, Inc. is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deepwater applications.