Jefferies Maintains Hold on Oceaneering Int'l (OII)

Jefferies is out with its report today on Oceaneering Int'l OII, maintaining Hold. In a note to clients, Jefferies writes, "OII's expanding and dominant ROV presence and expertise positions it very well to benefit from rising worldwide deepwater activity. While solid 4Q results and unchanged 2011 guidance are a plus, the shares likely weaken on 1Q guidance that is below the Street (albeit in line with us). Maintain Hold." At the time of posting, shares of OII were trading pre-market at $80.61, down 0.67% from Wednesday's close.