Market Overview

UPDATE: BMO Capital Markets Downgrades Oceaneering International to Market Perform On Share Run

Share:
Related OII
Oceaneering Announces Contract for Offshore Cape Three Points Development
Credit Suisse Reiterates Neutral, Lowers Price Target On Oceaneering International On Annual Earnings Guidance

BMO Capital Markets downgraded Oceaneering International (NYSE: OII) from Outperform to Market Perform and maintained a $62.00 price target.

BMO Capital Markets noted, "We are lowering our rating on Oceaneering (OII) to Market Perform from Outperform, based on our current fair value target price at $62. We expect the shares to “take a knee and catch their breath” after another record setting year in 2012 and a strong start to 2013. We like the OII story but expect relative performance from here to favor other stocks. We prefer the cyclical leverage and valuation of the OFS (HAL, SLB) and/or cheaper equipment players like CAM/NOV."

Oceaneering International closed at $64.47 on Thursday.

Latest Ratings for OII

DateFirmActionFromTo
Feb 2015Deutsche BankMaintainsBuy
Feb 2015JefferiesMaintainsHold
Feb 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for OII
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (OII)

Around the Web, We're Loving...