Goldman Sachs downgraded Oceaneering Intl (NYSE: OII) from Buy to Neutral with a price target of $19.50 (from $30.00).

Analyst Wager Syed steps aside as the extent of further margin degradation is becoming tougher to quantify and fails see an NT operational catalysts that can propel the stock higher.

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 $19.34 yesterday.