Favorable News Coverage Somewhat Unlikely to Impact Oceaneering International (OII) Stock Price

Media stories about Oceaneering International (NYSE:OII) have trended positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oceaneering International earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.0570277227908 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment’s rankings:

Oceaneering International (OII) opened at $18.25 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53. Oceaneering International has a 12-month low of $17.11 and a 12-month high of $29.53. The firm has a market capitalization of $1,803.42, a P/E ratio of -96.05 and a beta of 1.44.

A number of equities analysts have issued reports on the company. ValuEngine cut Oceaneering International from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Citigroup cut their price target on Oceaneering International from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Societe Generale cut Oceaneering International from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Piper Jaffray Companies cut Oceaneering International from an “overweight” rating to a “neutral” rating in a report on Friday, October 27th. Finally, JPMorgan Chase & Co. cut their price target on Oceaneering International from $21.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday, October 30th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Oceaneering International has an average rating of “Hold” and a consensus target price of $23.46.

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About Oceaneering International

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

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