Goldman Sachs Gives Buy Rating to Oceaneering International (OII)

By admin | 6 years ago

Oceaneering International (NYSE: OII)‘s stock had its “buy” rating restated by analysts at Goldman Sachs (NYSE: GS) in a research report issued to clients and investors on Tuesday.

A number of other analysts have also recently weighed in on OII. Analysts at Capital One upgraded shares of Oceaneering International to a “neutral” rating in a research note to investors on Friday, April 27th. Separately, 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, April 27th. Finally, analysts at Pritchard Capital upgraded shares of Oceaneering International from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 12nd.

Oceaneering International opened at 49.52 on Tuesday. 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 $5.363 billion and a price-to-earnings ratio of 22.11.

Oceaneering International last released its earnings data on Wednesday, April 25th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.01. The company’s quarterly revenue 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.

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