Jefferies Starts Oceaneering Intl (OII) at Hold
Tweet
Share
E-mailGet Alerts OII Hot Sheet
Price: $39.44 -0.9%
Rating Summary:
13 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
13 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Join SI Premium – FREE
Jefferies initiates coverage on Oceaneering Intl (NYSE: OII) with a Hold. PT $48.00.
The firm comments, "While we are positive on the overall subsea and rig newbuild cycles, which will drive OII’s earnings power over the next 2–3 years, we remain concerned with the capacity overhang in the subsea umbilical market."
For an analyst ratings summary and ratings history on Oceaneering Intl click here. For more ratings news on Oceaneering Intl click here.
Shares of Oceaneering Intl closed at $43.60 yesterday.
The firm comments, "While we are positive on the overall subsea and rig newbuild cycles, which will drive OII’s earnings power over the next 2–3 years, we remain concerned with the capacity overhang in the subsea umbilical market."
For an analyst ratings summary and ratings history on Oceaneering Intl click here. For more ratings news on Oceaneering Intl click here.
Shares of Oceaneering Intl closed at $43.60 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nvidia pitches Vera CPU to Chinese clients with August delivery target
- Citi upgrades AMD to buy with $575 price target ahead of Q4 earnings
- Medtronic completes $550 million Scientia Vascular acquisition
Create E-mail Alert Related Categories
New CoverageRelated Entities
Jefferies & Co, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
