Oceaneering International Reaches 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 $49.38, above its previous 52-week high of $49.26 with 47,126 shares traded as of 10 a.m. ET. Average volume has been 911,000 shares over the past 30 days.

Oceaneering International has a market cap of $5.15 billion and is part of the basic materials sector and energy industry. Shares are up 5.3% 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 23.5, above the average energy industry P/E ratio of 23.1 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Oceaneering International Ratings Report.

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