Breaking: RBC Capital Reaffirms $27.0 Target On Oceaneering International (NYSE:OII) Shares, Reaffirms Their Original “Buy” Rating

January 20, 2018 - By Hazel Jackson

 Breaking: RBC Capital Reaffirms $27.0 Target On Oceaneering International (NYSE:OII) Shares, Reaffirms Their Original

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.11, from 1.18 in 2017Q2. It is positive, as 28 investors sold Oceaneering International, Inc. shares while 72 reduced holdings. 37 funds opened positions while 92 raised stakes. 99.43 million shares or 3.68% more from 95.90 million shares in 2017Q2 were reported.

Teacher Retirement Of Texas invested in 8,129 shares. California-based Aperio Gp Llc has invested 0.01% in Oceaneering International, Inc. (NYSE:OII). First Eagle Investment Ltd Liability reported 92,800 shares. Nikko Asset Management Americas Inc reported 0.36% in Oceaneering International, Inc. (NYSE:OII). State Of Wisconsin Investment Board accumulated 0.01% or 188,764 shares. Ameriprise Finance stated it has 378,293 shares. 310,800 were reported by Gabelli Funds. Johnson Investment Counsel invested in 0.01% or 17,400 shares. Federated Inc Pa reported 0.04% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Van Eck accumulated 1.40M shares. Baldwin Brothers Ma has 200 shares for 0% of their portfolio. Moreover, Dean Capital Management has 1.35% invested in Oceaneering International, Inc. (NYSE:OII) for 109,793 shares. Point72 Asia (Hong Kong) owns 300 shares or 0.01% of their US portfolio. California-based Los Angeles Mngmt Equity Research has invested 0.02% in Oceaneering International, Inc. (NYSE:OII). Quantbot Tech Limited Partnership holds 0.01% or 3,944 shares in its portfolio.

Since September 21, 2017, it had 0 buys, and 2 selling transactions for $104,202 activity. $52,682 worth of Oceaneering International, Inc. (NYSE:OII) was sold by MURPHY PAUL B JR on Wednesday, September 27.

Oceaneering International (NYSE:OII) Rating Reaffirmed

New York: In an analyst note revealed on Sunday, 29 October, RBC Capital kept their “Buy” rating on Oceaneering International (NYSE:OII) shares. They now have a $27.0 PT on the firm. RBC Capital’s target would suggest a potential upside of 21.90 % from the company’s current stock price.

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.11, from 1.18 in 2017Q2. It is positive, as 28 investors sold Oceaneering International, Inc. shares while 72 reduced holdings. 37 funds opened positions while 92 raised stakes. 99.43 million shares or 3.68% more from 95.90 million shares in 2017Q2 were reported.

Teacher Retirement Of Texas invested in 8,129 shares. California-based Aperio Gp Llc has invested 0.01% in Oceaneering International, Inc. (NYSE:OII). First Eagle Investment Ltd Liability reported 92,800 shares. Nikko Asset Management Americas Inc reported 0.36% in Oceaneering International, Inc. (NYSE:OII). State Of Wisconsin Investment Board accumulated 0.01% or 188,764 shares. Ameriprise Finance stated it has 378,293 shares. 310,800 were reported by Gabelli Funds. Johnson Investment Counsel invested in 0.01% or 17,400 shares. Federated Inc Pa reported 0.04% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Van Eck accumulated 1.40M shares. Baldwin Brothers Ma has 200 shares for 0% of their portfolio. Moreover, Dean Capital Management has 1.35% invested in Oceaneering International, Inc. (NYSE:OII) for 109,793 shares. Point72 Asia (Hong Kong) owns 300 shares or 0.01% of their US portfolio. California-based Los Angeles Mngmt Equity Research has invested 0.02% in Oceaneering International, Inc. (NYSE:OII). Quantbot Tech Limited Partnership holds 0.01% or 3,944 shares in its portfolio.

Since September 21, 2017, it had 0 buys, and 2 selling transactions for $104,202 activity. $52,682 worth of Oceaneering International, Inc. (NYSE:OII) was sold by MURPHY PAUL B JR on Wednesday, September 27.

Oceaneering International, Inc. (NYSE:OII) Ratings Coverage

Among 27 analysts covering Oceaneering International (NYSE:OII), 6 have Buy rating, 4 Sell and 17 Hold. Therefore 22% are positive. Oceaneering International has $69 highest and $17 lowest target. $30.50’s average target is 37.70% above currents $22.15 stock price. Oceaneering International had 69 analyst reports since July 23, 2015 according to SRatingsIntel. Citigroup maintained the shares of OII in report on Monday, October 30 with “Neutral” rating. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Sell” rating by RBC Capital Markets on Thursday, July 20. The company was initiated on Friday, October 16 by Gabelli. The firm has “Buy” rating given on Friday, July 28 by Piper Jaffray. SunTrust initiated the stock with “Hold” rating in Wednesday, January 18 report. On Sunday, October 29 the stock rating was maintained by RBC Capital Markets with “Buy”. On Tuesday, October 18 the stock rating was initiated by Wells Fargo with “Market Perform”. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Peer Perform” rating by Wolfe Research on Thursday, December 8. The firm has “Underweight” rating given on Wednesday, June 21 by Morgan Stanley. Jefferies maintained Oceaneering International, Inc. (NYSE:OII) on Wednesday, April 12 with “Hold” rating.

The stock increased 1.51% or $0.33 during the last trading session, reaching $22.15. About 823,574 shares traded. Oceaneering International, Inc. (NYSE:OII) has declined 15.63% since January 20, 2017 and is downtrending. It has underperformed by 32.33% the S&P500.

Analysts await Oceaneering International, Inc. (NYSE:OII) to report earnings on February, 14. They expect $-0.09 earnings per share, down 400.00 % or $0.12 from last year’s $0.03 per share. After $0.02 actual earnings per share reported by Oceaneering International, Inc. for the previous quarter, Wall Street now forecasts -550.00 % negative EPS growth.

Oceaneering International, Inc. provides engineered services and products to the offshore gas and oil, defense, aerospace, and commercial theme park industries worldwide. The company has market cap of $2.18 billion. The company??s Remotely Operated Vehicles segment offers submersible vehicles for drill support, vessel inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services. It currently has negative earnings. As of December 31, 2016, this segment owned 280 work-class ROVs.

Another recent and important Oceaneering International, Inc. (NYSE:OII) news was published by Seekingalpha.com which published an article titled: “Oceaneering wins Johan Castberg contract” on January 10, 2018.

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