Gabelli & Company Maintains Oceaneering International Buy (OII)

Gabelli & Company maintained its Oceaneering International OII Buy rating in a research report published today. In the report, Gabelli states, "OII projects that international demand may more than offset lower demand in the GOM in 2011 as deepwater drilling and construction activity in West Africa and Asia increases. The timing and magnitude of a demand recovery in GOM remains uncertain." Shares of Oceaneering International were at $79.00 in pre-market trading at the time of posting, down 2.65% from Wednesday's market close.