Oceaneering International Stock Hits New 52-Week High (OII)

NEW YORK ( TheStreet) -- Oceaneering International (NYSE: OII) hit a new 52-week high Wednesday as it is currently trading at $46.40, above its previous 52-week high of $46.28 with 209,964 shares traded as of 10:11 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Oceaneering International has a market cap of $4.59 billion and is part of the basic materials sector and energy industry. Shares are up 19.4% year to date as of the close of trading on Tuesday.

Oceaneering International, Inc., together with its subsidiaries, provides engineered products and services primarily to the offshore oil and gas industry with a focus on deepwater applications. The company has a P/E ratio of 21.1, above the average energy industry P/E ratio of 20.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Oceaneering International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Oceaneering International Ratings Report.

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