Oceaneering International (NYSE:OII) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.4 by 15 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 10 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the RBC Capital upgrades the rating on Oceaneering International (NYSE:OII). The brokerage firm has issued a Sector Perform rating on the shares. The shares were previously rated Underperform. The Analysts at the ratings agency raises the price target from $30 per share to $36 per share. The rating by the firm was issued on May 20, 2016.
Oceaneering International (NYSE:OII): The mean short term price target for Oceaneering International (NYSE:OII) has been established at $34.61 per share. The higher price target estimate is at $52 and the lower price target estimate is expected at $28 according to 14 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $6.2
Oceaneering International (NYSE:OII) witnessed a decline in the market cap on Tuesday as its shares dropped 0.41% or 0.13 points. After the session commenced at $31.55, the stock reached the higher end at $31.79 while it hit a low of $30.93. With the volume soaring to 1,350,734 shares, the last trade was called at $31.45. The company has a 52-week high of $48.11. The company has a market cap of $3,084 million and there are 98,059,876 shares in outstanding. The 52-week low of the share price is $25.33.
Oceaneering International, Inc. has lost 0.63% in the last five trading days and dropped 4.67% in the last 4 weeks. Oceaneering International, Inc. has dropped 5.6% during the last 3-month period . Year-to-Date the stock performance stands at -14.63%.
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.