Oceaneering International (OII) to Release Quarterly Earnings on Thursday

Oceaneering International (NYSE:OII) is projected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. On average, analysts expect Oceaneering International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oceaneering International Trading Down 1.8 %

Shares of NYSE OII opened at $22.13 on Tuesday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 15.37 and a beta of 2.38. The business has a 50 day simple moving average of $25.62 and a 200 day simple moving average of $26.04. Oceaneering International has a 52 week low of $19.68 and a 52 week high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. TD Cowen boosted their price target on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a report on Friday. Finally, Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.25.

About Oceaneering International

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.