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Enter Symbol:
Rating: OII
Buy $60

Oceaneering International, Inc. (NYSE: OII) upgraded to Buy with price target $60 by Global Hunter Securities

Monday,  Jul 27, 2015  10:25 AM ET by Dave Ficere

Global Hunter Securities upgraded Oceaneering International, Inc. (NYSE: OII) to Buy with price target $60. Previously Global Hunter
Securities rated Neutral with price target $81 Oceaneering International, Inc. (NYSE: OII) on 09/23/2013, when the stock price was $80.90. Since then, Oceaneering International, Inc.'s stock price has lost 52% as of 07/27/2015's recent price of $39.01.

Oceaneering International, Inc. a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology, the Company also serves the defense and aerospace industries. The Company?s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oil and Gas) and all other services and products (Advanced Technologies). Its five business segments within the Oil and Gas business are Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects, Inspection and Mobile Offshore Production Systems. The services and products provided to the oil and gas industry include ROVs, built-to-order specialty hardware, engineering and project management, subsea intervention services, non-destructive testing and inspection, manned diving and mobile offshore production systems. In March 2008, the Company acquired GTO Subsea AS.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.

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