Oceaneering International (OII) : The consensus on Oceaneering International (OII) based on 13 analyst recommendation on the company stock is 2.31, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold 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. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Oceaneering International (OII) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $46 and the lowest price target forecast is $25. The average forecast of all the analysts is $33.5 and the expected standard deviation is $6.04.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Jefferies maintains its rating on Oceaneering International (NYSE:OII).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies lowers the new price target from $31 per share to $27 per share. The rating by the firm was issued on July 25, 2016.
Oceaneering International (NYSE:OII): stock was range-bound between the intraday low of $25.33 and the intraday high of $26.09 after having opened at $26.09 on Wednesdays session. The stock finally closed in the red at $26.09, a loss of -2.12%. The stock remained in the red for the whole trading day. The total traded volume was 2,762,603 shares. The stock failed to cross $26.09 in Wednesdays trading. The stocks closing price on Thursday was $25.98.
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.