In a report released today, Kurt Hallead from Benchmark Co. maintained a Buy rating on Oceaneering International (OII – Research Report), with a price target of $34.00. The company’s shares closed yesterday at $23.05.
Hallead covers the Energy sector, focusing on stocks such as Schlumberger, Weatherford International, and Baker Hughes Company. According to TipRanks, Hallead has an average return of 2.7% and a 38.57% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oceaneering International with a $26.25 average price target.
The company has a one-year high of $27.46 and a one-year low of $14.99. Currently, Oceaneering International has an average volume of 834.3K.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OII in relation to earlier this year.
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Oceaneering International (OII) Company Description:
Oceaneering International, Inc. engages in the provision of engineered services and products. It operates through the following business segments: Remotely Operated Vehicles, Subsea Products, Subsea Projects, and Asset Integrity. The Remotely Operated Vehicles segment provides submersible vehicles operated from the surface to support offshore energy exploration, development and production activities. The Subsea Products segment supplies a variety of specialty subsea hardware and related services. The Subsea Projects segment provides multiservice subsea support vessels and oilfield diving and support vessel operations, primarily for inspection, maintenance and repair and installation activities. The Asset Integrity segment refers to the asset integrity management and assessment services and nondestructive testing and inspection. The company was founded in 1969 and is headquartered in Houston, TX.
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