Oceaneering International Rating Increased to Neutral at Capital One (OII)
Oceaneering International (NYSE: OII) was upgraded by equities researchers at Capital One to a “neutral” rating in a report issued on Friday.
Shares of Oceaneering International traded up 0.74% during mid-day trading on Friday, hitting $51.63. Oceaneering International has a 52 week low of $31.77 and a 52 week high of $57.16. The company has a market cap of $5.615 billion and a P/E ratio of 22.88.
The company last announced its quarterly results on Wednesday, April 25th. It reported $0.47 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.46 EPS by $0.01. The company’s quarterly revenue was up 26.5% on a year-over-year basis. On average, analysts predict that Oceaneering International will post $0.77 earnings per share next quarter.
A number of other firms have also recently commented on OII. Analysts at BMO Capital Markets upgraded shares of Oceaneering International from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at Pritchard upgraded shares of Oceaneering International from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 12nd. Finally, analysts at Tudor Pickering upgraded shares of Oceaneering International from a “hold” rating to an “accumulate” rating in a research note to investors on Friday, March 16th.
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.