Oceaneering International (OII) to Release Earnings on Wednesday

Oceaneering International (NYSE:OII - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Oceaneering International (NYSE:OII - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Oceaneering International had a net margin of 4.02% and a return on equity of 14.00%. The firm had revenue of $654.60 million during the quarter, compared to analyst estimates of $624.81 million. During the same period in the prior year, the company earned $0.06 EPS. The business's quarterly revenue was up 22.1% compared to the same quarter last year. 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 1.9 %

Shares of Oceaneering International stock traded down $0.44 on Wednesday, hitting $22.53. The stock had a trading volume of 712,931 shares, compared to its average volume of 813,027. The stock has a 50 day moving average of $22.23 and a 200 day moving average of $21.82. Oceaneering International has a twelve month low of $14.99 and a twelve month high of $27.46. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.78. The firm has a market capitalization of $2.28 billion, a P/E ratio of 23.72 and a beta of 2.49.

Analyst Upgrades and Downgrades

OII has been the subject of several recent research reports. Barclays lowered their price objective on Oceaneering International from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Thursday, February 29th. StockNews.com downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday, April 6th.

Institutional Trading of Oceaneering International

Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd boosted its position in shares of Oceaneering International by 250.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,804 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 2,003 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Oceaneering International during the 4th quarter worth approximately $31,000. Chilton Capital Management LLC acquired a new stake in shares of Oceaneering International during the 1st quarter worth approximately $35,000. Coppell Advisory Solutions LLC bought a new stake in shares of Oceaneering International in the 2nd quarter valued at $45,000. Finally, Advisor Group Holdings Inc. lifted its position in shares of Oceaneering International by 111.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 1,635 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Oceaneering International Company Profile

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.