Analysts Offer Insights on Materials Companies: Oceaneering International (NYSE: OII) and Propetro Holding Corp (NYSE: PUMP)

By Ryan Adsit

Analysts fell to the sidelines weighing in on Oceaneering International (NYSE: OII) and Propetro Holding Corp (NYSE: PUMP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Oceaneering International (NYSE: OII)

Cowen & Co. analyst Marc Bianchi reiterated a Hold rating on Oceaneering International (NYSE: OII) today and set a price target of $18. The company’s shares opened today at $20.55.

According to TipRanks.com, Bianchi is ranked 0 out of 5 stars with an average return of -7.1% and a 37.9% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oil States International.

Oceaneering International has an analyst consensus of Hold, with a price target consensus of $18.71.

Propetro Holding Corp (NYSE: PUMP)

In a report released today, Vaibhav Vaishnav from Cowen & Co. reiterated a Hold rating on Propetro Holding Corp (NYSE: PUMP), with a price target of $13. The company’s shares opened today at $17.52.

According to TipRanks.com, Vaishnav is ranked #904 out of 4771 analysts.

Propetro Holding Corp has an analyst consensus of Strong Buy, with a price target consensus of $19.25.

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