Oceaneering International (OII) Set to Announce Quarterly Earnings on Thursday
Oceaneering International (NYSE:OII) will post its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Oceaneering International to post earnings of ($0.10) per share for the quarter.
Oceaneering International (OII) opened at $18.25 on Thursday. The firm has a market capitalization of $1,803.42, a P/E ratio of -96.05 and a beta of 1.44. Oceaneering International has a 1 year low of $17.11 and a 1 year high of $29.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.14 and a current ratio of 2.67.
Several research analysts have recently commented on the company. ValuEngine downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Scotiabank reiterated a “sector perform” rating on shares of Oceaneering International in a research note on Friday, January 12th. Wells Fargo & Co reiterated an “underperform” rating on shares of Oceaneering International in a research note on Friday, January 12th. Scotia Howard Weill reiterated a “sector perform” rating on shares of Oceaneering International in a research note on Friday, January 12th. Finally, Howard Weil downgraded Oceaneering International from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 12th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.46.
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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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