Oceaneering International (OII) : 16 analysts are covering Oceaneering International (OII) and their average rating on the stock is 2.56, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Oceaneering International (OII) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Oceaneering International (OII) : 15 investment research analysts covering Oceaneering International (OII) have an average price target of $34.7 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $23 for the short term. Analysts expect the variance to be within $7.37 of the average price.
Company shares have received an average consensus rating of Hold for the current week
Oceaneering International (NYSE:OII): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.44 and $30.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.22, notching a gain of 6.05% for the day. The total traded volume was 1,579,835 . The stock had closed at $29.44 on the previous day.
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.