Notable Downgrades: Oceaneering Int’l (OII), Noble Energy (NBL), Ultra Clean Holdings (UCTT), Iconix Brand (ICON), Harley-Davidson (HOG)

Analysts at Jefferies downgraded Oceaneering International, Inc. (OII) from ‘Hold‘ to ‘Underperform‘ in a research report issued to clients on Tuesday.

On valuation measures, Oceaneering International stock it’s trading at a forward P/E multiple of 17.01x, and at a multiple of 13.64x this year’s estimated earnings.

The t-12-month revenue at Oceaneering International Inc. is $3.66 billion. OII ‘s ROE for the same period is 23.15%.

Shares of the $5.43 billion market cap company are down 21.12% year-over-year and 2.14% year-to-date.

Oceaneering International Inc., currently with a median Wall Street price target of $60.00 and a high target of $68.00, dropped $2.71 to $54.55 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Noble Energy, Inc. (NBL) was downgraded from ‘Buy‘ to ‘Hold‘ at Societe Generale.

Shares have traded today between $51.16 and $52.63 with the price of the stock fluctuating between $41.01 to $79.63 over the last 52 weeks.

Noble Energy Inc. shares are currently changing hands at 15.71x this year’s forecasted earnings, compared to the industry’s 11.38x earnings multiple. Ticker has a t-12 price/sales ratio of 3.89. EPS for the same period registers at $3.26.

Shares of NBL have lost $1.53 to $51.23 in mid-day trading on Tuesday, giving it a market cap of roughly $18.63 billion. The stock traded as high as $79.63 in June 23, 2014.

Craig Hallum reported on Tuesday that they have lowered their rating for Ultra Clean Holdings Inc. (UCTT). The firm has downgraded UCTT from ‘Buy‘ to ‘Hold‘.

Ultra Clean Holdings Inc. recently traded at $5.52, a loss of $1.31 over Monday’s closing price. The name has a current market capitalization of $162.76 million.

Iconix Brand Group, Inc. (ICON) was reiterated a ‘Buy’ by Brean Capital analysts on Tuesday. The broker also cut its price target on the stock to $34 from $42.

ICON shares recently gained $1.16 to $26.57. In the past 52 weeks, shares of New York-based brand management company have traded between a low of $25.27 and a high of $44.81. Shares are down 32.35% year-over-year and 24.80% year-to-date.

Harley-Davidson, Inc. (HOG) was reiterated as ‘Hold’ with a $57 from $63 price target on Tuesday by Wunderlich.

HOG shares recently lost $5.68 to $56.09. The stock is down 5.71% year-over-year and has lost roughly 6% year-to-date. In the past 52 weeks, shares of the manufacturer of cruiser and touring motorcycles have traded between a low of $54.22 and a high of $74.13.

Harley-Davidson, Inc. closed Monday at $61.77. The name has a total market cap of $11.83 billion.

Be the first to comment

Leave a Reply

Your email address will not be published.


*