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Enter Symbol:
Rating: OII
Sector Perform

Oceaneering International, Inc. (NYSE: OII) downgraded to Sector Perform by Scotia Howard Weil

Monday,  Dec 14, 2015  9:25 AM ET by Betsy O'Brien Harrison

Scotia Howard Weil downgraded Oceaneering International, Inc. (NYSE: OII) to Sector Perform. Previously
Scotia Howard Weil downgraded to Oceaneering International, Inc. (NYSE: OII) to Sector Outperform with price target $60 on 02/13/2015, when the stock price was $50.61.

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.

Scotia Howard Weil

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