Oceaneering International (OII) Receives a Hold from Citigroup
In a report released today, Scott Gruber from Citigroup maintained a Hold rating on Oceaneering International (OII), with a price target of $14. The company’s shares closed last Monday at $11.93, close to its 52-week low of $10.74.
According to TipRanks.com, Gruber ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.2% and a 38.2% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Diamond Offshore Drilling, and Propetro Holding Corp.
Oceaneering International has an analyst consensus of Moderate Buy, with a price target consensus of $21.
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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 $35.18 million. In comparison, last year the company had a GAAP net loss of $33.08 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.
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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.