Oceaneering International (OII) Expected to Announce Earnings on Wednesday

Oceaneering International (NYSE:OII) will likely be announcing its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.34 per share and revenue of $651.96 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The company had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. On average, analysts expect Oceaneering International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oceaneering International Trading Up 3.5 %

Shares of OII opened at $17.87 on Monday. The stock’s 50-day moving average price is $20.64 and its 200 day moving average price is $24.38. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.41 and a beta of 1.94. Oceaneering International has a 12-month low of $15.46 and a 12-month high of $30.98.

Analysts Set New Price Targets

OII has been the topic of a number of research reports. Pickering Energy Partners upgraded Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. Barclays dropped their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. TD Cowen lifted their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Oceaneering International has an average rating of “Hold” and a consensus price target of $28.25.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.