Oceaneering International (OII) to Release Quarterly Earnings on Thursday

Oceaneering International (NYSE:OII) is expected to be releasing its earnings data 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 released its quarterly earnings data 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 5.22% 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 %

NYSE OII opened at $25.24 on Thursday. Oceaneering International has a 1-year low of $19.68 and a 1-year high of $30.98. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $2.55 billion, a PE ratio of 19.12 and a beta of 2.38. The firm’s fifty day simple moving average is $25.79 and its 200-day simple moving average is $26.08.

Wall Street Analyst Weigh In

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