Citi Sticks to Their Hold Rating for Oceaneering International (OII)

In a report released yesterday, Scott Gruber from Citi maintained a Hold rating on Oceaneering International, with a price target of $25.00. The company’s shares closed yesterday at $24.04.

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According to TipRanks, Gruber is a 5-star analyst with an average return of 10.7% and a 54.56% success rate. Gruber covers the Energy sector, focusing on stocks such as Valaris, Noble Corporation, and APA.

Oceaneering International has an analyst consensus of Moderate Buy, with a price target consensus of $25.00.

OII market cap is currently $2.41B and has a P/E ratio of 12.13.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OII in relation to earlier this year. Earlier this month, Paul B. Murphy, a Director at OII sold 10,000.00 shares for a total of $242,500.00.