Oceaneering International (OII) Scheduled to Post Quarterly Earnings on Wednesday

Oceaneering International (NYSE:OII) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Oceaneering International had a return on equity of 15.78% and a net margin of 4.87%. The company had revenue of $668.81 million for the quarter, compared to analyst estimates of $656.87 million. During the same period last year, the business earned $0.18 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:OII opened at $24.75 on Wednesday. The stock has a market cap of $2.51 billion, a PE ratio of 23.35 and a beta of 2.35. Oceaneering International has a 1-year low of $18.67 and a 1-year high of $30.45. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $25.60 and its two-hundred day simple moving average is $24.54.

Wall Street Analyst Weigh In

OII has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a report on Thursday, July 25th. Citigroup raised their price target on Oceaneering International from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Barclays increased their price objective on Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st.

Insiders Place Their Bets

In related news, SVP Earl Childress sold 10,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the transaction, the senior vice president now owns 57,351 shares in the company, valued at $1,473,920.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Karen H. Beachy sold 3,300 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $22.94, for a total value of $75,702.00. Following the transaction, the director now directly owns 28,229 shares of the company’s stock, valued at approximately $647,573.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Earl Childress sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $25.70, for a total value of $257,000.00. Following the completion of the sale, the senior vice president now owns 57,351 shares in the company, valued at $1,473,920.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock valued at $585,413 in the last quarter. 2.30% of the stock is currently owned by insiders.

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.