RBC Capital analyst Kurt Hallead reiterated a Buy rating on Oceaneering International (NYSE: OII) yesterday and set a price target of $28. The company’s shares closed yesterday at $26.07, close to its 52-week high of $27.41.
According to TipRanks.com, Hallead is a 4-star analyst with an average return of 4.1% and a 45.7% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Baker Hughes a GE company, and Diamond Offshore Drilling.
Oceaneering International has an analyst consensus of Moderate Buy, with a price target consensus of $25.34.
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Based on Oceaneering International’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $33.08 million. In comparison, last year the company had a net profit of $2.13 million.
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Oceaneering International, Inc. engages in the provision of engineered services and products. It operates through the following segments: Remotely Operated Vehicles, Subsea Products, Subsea Projects, and Asset Integrity.
