Oceaneering International Rating Increased to Add at Cap One Southco (OII)

By admin | 6 years ago

Oceaneering International (NYSE: OII) was upgraded by investment analysts at Cap One Southco from a “neutral” rating to an “add” rating in a note issued to investors on Thursday.

Oceaneering International traded up 1.50% on Thursday, hitting $50.20. 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 $5.437 billion and a price-to-earnings ratio of 22.08.

Oceaneering International last posted its quarterly earnings results 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 $0.77 EPS next quarter.

A number of other analysts have also recently weighed in on OII. 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. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Oceaneering International in a research note to investors on Tuesday. Finally, analysts at Capital One upgraded shares of Oceaneering International to a “neutral” rating in a research note to investors on Friday, April 27th.

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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