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OII

Oceaneering

$25.11

-0.14 (-0.55%)

17:19
11/29/16
11/29
17:19
11/29/16
17:19

Oceaneering sees organic CapEx FY16 $110M-$125M

Comments disclosed in regulatory filing.

OII Oceaneering
$25.11

-0.14 (-0.55%)

09/27/16
SBSH
09/27/16
INITIATION
Target $27
SBSH
Neutral
Oceaneering initiated with a Neutral at Citi
Citi analyst Scott Gruber started Oceaneering International with a Neutral rating and $27 price target. The analyst expects the negative sentiment toward offshore drilling to persist through the customer budget cycle.
09/30/16
LOOP
09/30/16
INITIATION
Target $34
LOOP
Buy
Oceaneering initiated with a Buy at Loop Capital
Loop Capital analyst Stephen Gengaro initiated Oceaneering with a Buy and a $34 price target.
10/18/16
WELS
10/18/16
INITIATION
WELS
Market Perform
Oceaneering initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Coleman Sullivan started Oceaneering International with a Market Perform rating and $24-$28 price target range.
10/31/16
SPHN
10/31/16
NO CHANGE
Target $30
SPHN
Overweight
Oceaneering price target lowered to $30 from $36 at Stephens
Stephens analyst Matthew Marietta lowered his price target for Oceaneering to $30 from $36 based on the ongoing deterioration in offshore activity and expectations for a later offshore market recovery and lower trough, weighing on utilization and pricing. However, the analyst reiterates an Overweight rating on the shares and maintains his constructive long-term thesis as Oceaneering has again proven its ability to generate cash flow while gaining/protecting market share across its diverse portfolio.

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