Guggenheim Starts Stock Coverage on Oceaneering International (OII)

By admin | 6 years ago

Analysts at Guggenheim started coverage on shares of Oceaneering International (NYSE: OII) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

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.

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