Oceaneering International (OII) to Release Quarterly Earnings on Thursday

Oceaneering International (NYSE:OII) is expected to be announcing 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $713.45 million during the quarter, compared to analyst estimates 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 Stock Performance

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

Wall Street Analysts Forecast Growth

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