Oceaneering International (OII) Stock Jumps Again On Analyst Upgrade

Oceaneering International Inc (NYSE:OII) continues to move higher this morning after an analyst at BofA Securities upgraded the stock to Buy from Neutral and set a price target of $15.

Oceaneering International (OII) Stock Jumps Again On Analyst Upgrade

Last week, the company reported earnings of $0.03 a share for the first quarter, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of ($0.07)

revenues during the recent quarter fell 18.5%  year over year to $437.55 million, higher than the $429.05 million S&P Capital IQ Consensus.

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At the time of writing, OII stock is up by 17.67% at $13.85. The stock has surged about 40% over the past two weeks. The stock is now just 10% away from its 52-week high of $15.40.

Moreover, the stock is up over 315% from its 52-week low of $3.31.

 

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.