Oceaneering International (OII) : The consensus on Oceaneering International (OII) based on 16 analyst recommendation on the company stock is 2.56, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Oceaneering International (OII) : The highest level Oceaneering International (OII) is projected to reach is $52 for the short term and the lowest estimate is at $23. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $34.7 and the possibility the share price can swing is $7.37.
Oceaneering International (NYSE:OII): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.91 and $28.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.42, notching a gain of 0.75% for the day. The total traded volume was 1,583,106 . The stock had closed at $29.20 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Evercore ISI Group, downgrades their rating on the shares of Oceaneering International (NYSE:OII). Evercore ISI Group has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -34.84% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $53.77 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $31.97 and the 200 Day Moving Average price is recorded at $32.24.
Oceaneering International, Inc. is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Companys business segments are contained within two businesses, such as services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). The Companys four business segments within the Oil and Gas business includes Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Company also provides remote asset management software services. The Company provides services and products, such as remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, and asset integrity and non-destructive testing services. The Companys foreign operations are principally focused in the North Sea, Africa, Brazil, Australia and Asia.