Friday, July 19, 2024

Decoding Oceaneering International: A Closer Look at 4 Analyst Reviews

Analyzing Analyst Ratings and Price Targets for Oceaneering International

The latest analyst ratings on Oceaneering International (NYSE:OII) have highlighted a mix of opinions, ranging from bullish to bearish.

According to data from 4 analysts, the sentiment towards Oceaneering International has been dynamic over the past quarter, with varying levels of bullish and bearish ratings. In the last 30 days, there was one bullish rating, while two months ago, the sentiment was more positive with two bullish ratings. The average 12-month price target for Oceaneering International is $29.25, showing an upward trend compared to the previous average of $28.75.

Analyst actions, such as raises, lowers, and maintains, provide insights into how experts perceive the company’s performance. For instance, Scott Gruber from Citigroup raised the rating to Buy with a price target of $28.00, while David Anderson from Barclays lowered the rating to Underweight with a price target of $21.00.

Oceaneering International is a global provider of engineered services and products, with a focus on the offshore energy industry. Despite its strong revenue growth of 11.57%, the company faces challenges in profitability and debt management, as indicated by its net margin, return on equity, return on assets, and debt-to-equity ratio.

Analyzing analyst ratings is crucial for investors to make informed decisions. Analysts base their conclusions on factors like future earnings and revenue predictability. However, investors should also consider the human element in analyst ratings, as they may be subject to errors.

Stay updated on Oceaneering International’s analyst ratings to navigate the market effectively and make data-driven investment decisions.

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