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Oceaneering International (NYSE:OII) has been downgraded to Underweight in a statement by Morgan Stanley earlier today.

Boasting a price of $23.76, Oceaneering International (NYSE:OII) traded -0.85% lower on the day. The last closing price is down 3.20% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. OII has recorded a 50-day average of $23.94 and a two hundred day average of $25.00. Volume of trade was up over the average, with 1,667,474 shares of OII changing hands over the typical 1,422,930

Morgan Stanley has downgraded Oceaneering International (NYSE:OII) to Underweight in a statement released on 6/21/2017.

Performance Chart

Oceaneering International (NYSE:OII)

With a total market value of $0, Oceaneering International has with a one year low of $20.74 and a one year high of $32.12 .

A total of 20 analysts have released a research note on OII. Two analysts rating the company a strong buy, seven analysts rating the company a buy, fourteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $35.02.

More About Oceaneering International (NYSE:OII)

Oceaneering International, Inc. is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company's business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). Its four business segments within the Oilfield business are Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The services and products it provides to the oil and gas industry include remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, survey and positioning services and asset integrity and nondestructive testing services. The Company serves the defense, aerospace and commercial theme park industries.

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