A number of firms have modified their ratings and price targets on shares of Oceaneering International (NYSE: OII) recently:
- Oceaneering International had its price target raised by analysts at Dahlman Rose from $62.00 to $71.00. They now have a “buy” rating on the stock. They wrote, “Following earnings that modestly exceeded our forecast, we are reiterating our 2013 EPS forecast of $3.30 per share (compared with company guidance of $3.00-$3.25) and establishing a 2014 EPS estimate of $3.95. We are increasing our price target to $71 per share from $62, which represents a target of 18x estimated 2014 earnings. We reiterate our longstanding Buy recommendation.”
- Oceaneering International had its price target raised by analysts at Deutsche Bank from $58.00 to $68.00. They now have a “buy” rating on the stock.
- Oceaneering International had its price target raised by analysts at Global Hunter Securities from $69.00 to $75.00.
- Oceaneering International had its price target raised by analysts at Jefferies Group from $55.00 to $68.00.
- Oceaneering International was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating. They now have a $68.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
- Oceaneering International was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating.
Oceaneering International opened at 61.43 on Wednesday. Oceaneering International has a 1-year low of $43.22 and a 1-year high of $65.37. The stock’s 50-day moving average is currently $61.22. The company has a market cap of $6.669 billion and a price-to-earnings ratio of 23.03.
Oceaneering International, Inc. is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications.
