Oceaneering International (OII) to Release Quarterly Earnings on Thursday

Oceaneering International (NYSE:OII) is expected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Oceaneering International to post earnings of $0.39 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a net margin of 5.22% and a return on equity of 15.11%. On average, analysts expect Oceaneering International to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oceaneering International Trading Down 1.8 %

Shares of NYSE:OII opened at $25.24 on Thursday. The company has a market cap of $2.55 billion, a P/E ratio of 19.12 and a beta of 2.38. The stock’s 50-day moving average is $25.79 and its 200-day moving average is $26.08. Oceaneering International has a 52-week low of $19.68 and a 52-week high of $30.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. TD Cowen raised their price target on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. Citigroup cut shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. Finally, Pickering Energy Partners cut shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Oceaneering International presently has a consensus rating of “Hold” and a consensus price target of $29.25.

Oceaneering International Company Profile

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.