Oceaneering International (OII +3.1%) is raised to Accumulate from Hold at Tudor Pickering,...

|About: Oceaneering International Inc. (OII)|By:, SA News Editor

Oceaneering International (OII +3.1%) is raised to Accumulate from Hold at Tudor Pickering, which praises the company's Q4 results and notes its leverage to the deepwater market and strong balance sheet. The firm says OII shares should continue to outperform due to deepwater dayrate improvement and additional newbuild floater announcements.