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

NEW YORK ( TheStreet) -- Oceaneering International (NYSE: OII) hit a new 52-week high Friday as it is currently trading at $76.98, above its previous 52-week high of $76.60 with 393,544 shares traded as of 2:15 p.m. ET. Average volume has been 662,400 shares over the past 30 days.

Oceaneering International has a market cap of $8.18 billion and is part of the basic materials sector and energy industry. Shares are up 40.5% year to date as of the close of trading on Wednesday.

Oceaneering International, Inc., together with its subsidiaries, provides engineered services and products primarily to the offshore oil and gas industry with a focus on deepwater applications worldwide.

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TheStreet Ratings rates Oceaneering International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. 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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