Oceaneering International (OII) Set to Announce Earnings on Wednesday

Oceaneering International (NYSE:OII) will likely be announcing its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect Oceaneering International to announce earnings of $0.5930 per share and revenue of $775.93 million for the quarter. Interested persons can check the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 22, 2026 at 11:00 AM ET.

Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The business had revenue of $768.18 million during the quarter, compared to analyst estimates of $735.69 million. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. On average, analysts expect Oceaneering International to post $2.10 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.

Oceaneering International Stock Performance

Shares of OII opened at $43.78 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.18. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 12.58 and a beta of 1.25. The company’s 50 day simple moving average is $48.29 and its 200 day simple moving average is $42.80. Oceaneering International has a 1 year low of $22.13 and a 1 year high of $54.25.

Analyst Upgrades and Downgrades

Several research firms have commented on OII. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Citigroup boosted their price target on Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings cut Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Barclays raised their price objective on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Activity at Oceaneering International

In other news, Director M. McEvoy sold 3,000 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.92, for a total transaction of $143,760.00. Following the transaction, the director directly owned 134,133 shares in the company, valued at $6,427,653.36. This represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Earl Childress sold 12,701 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $46.71, for a total transaction of $593,263.71. Following the completion of the sale, the senior vice president directly owned 22,876 shares in the company, valued at $1,068,537.96. This represents a 35.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,901 shares of company stock worth $1,542,864. Corporate insiders own 1.30% of the company’s stock.

Oceaneering International Company Profile

Oceaneering International, Inc is a Houston-based technology and engineering company that provides products and services for subsea, offshore, aerospace and defense, and other industrial markets. Founded in 1969, the company is best known for its work in challenging underwater environments and serves customers involved in energy production, infrastructure, government programs, and industrial operations.

Oceaneering’s subsea businesses provide remotely operated vehicles, autonomous underwater technologies, subsea equipment, tooling, umbilicals, connectors, and intervention systems.