Oceaneering International, Inc. (OII) to Release Earnings on Wednesday
Oceaneering International, Inc. (NYSE:OII) will be releasing its earnings data after the market closes on Wednesday, October 25th. Analysts expect Oceaneering International to post earnings of $0.03 per share for the quarter.
Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $515.04 million for the quarter, compared to analyst estimates of $481.86 million. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. On average, analysts expect Oceaneering International to post $-0.03 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.
Oceaneering International, Inc. (OII) opened at 24.81 on Monday. Oceaneering International, Inc. has a 12-month low of $20.74 and a 12-month high of $32.12. The firm’s 50-day moving average price is $25.43 and its 200 day moving average price is $24.86. The company’s market capitalization is $2.44 billion.
A number of equities analysts have recently issued reports on OII shares. Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a research report on Sunday, July 30th. Scotiabank set a $37.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a research report on Friday, July 28th. Barclays PLC started coverage on shares of Oceaneering International in a research report on Friday, October 6th. They set an “equal weight” rating and a $28.00 price objective on the stock. ValuEngine raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Oceaneering International currently has an average rating of “Hold” and an average price target of $28.75.
In related news, VP W Cardon Gerner sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $25.76, for a total value of $51,520.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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