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Enter Symbol:
Rating: OII
Hold $57

Oceaneering International, Inc. (NYSE: OII) rated to Hold with price target $57 by Gabelli & Co

Friday,  Oct 16, 2015  9:25 AM ET by Lynn Gilbert

Gabelli & Co rated Oceaneering
International, Inc. (NYSE: OII) to Hold with price target $57.

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.

Gabelli & Co is a well-known diversified asset manager and financial services company. The company's investment services are primarily offered through its subsidiary GAMCO Asset Management Inc, which manages separate accounts for high net worth individuals, institutions, and qualified pension plans, and through the Company's role as advisor to a family of Mutual Funds. The company's asset management businesses are supported by Gabelli & Company, Inc., an institutional broker/dealer. Gabelli & Company, Inc. distributes the mutual funds managed by Gabelli Funds and publishes investment research which is one of the key elements of GAMCO Investors, Inc.'s success. In addition through its subsidiary Gabelli Securities, Inc., the Company serves as general partner or investment manager in a number of limited partnerships with varying investment objectives.



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