Seeking Alpha

Oceaneering (OII +1.6%) is upgraded to Conviction Buy with a raised price target of $66 from $57...

Oceaneering (OII +1.6%) is upgraded to Conviction Buy with a raised price target of $66 from $57 by Goldman Sachs, which cites leverage to rising deepwater drilling and construction activity, as well as enhanced deepwater safety practices. Goldman also says consensus EPS estimates for 2012 and 2013 are too low.
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Comments (1)
  • energyequipfund
    , contributor
    Comments (22) | Send Message
     
    Great business with rock solid balance sheet and strong presence in its market but isn't the valuation starting to look a little punchy?
    14 Feb 2012, 12:31 PM Reply Like
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