Oceaneering International (OII) to Release Quarterly Earnings on Wednesday

Oceaneering International (NYSE:OII - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.34 per share and revenue of $651.96 million 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 announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. The firm had revenue of $713.45 million for the quarter, compared to analysts' expectations of $681.60 million. 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 Up 3.5 %

NYSE OII traded up $0.60 on Friday, reaching $17.87. The stock had a trading volume of 570,925 shares, compared to its average volume of 856,532. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67. Oceaneering International has a 1 year low of $15.46 and a 1 year high of $30.98. The business has a 50 day moving average price of $20.64 and a 200 day moving average price of $24.38. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.41 and a beta of 1.94.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com downgraded Oceaneering International from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. Barclays reduced their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. TD Cowen increased their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Finally, Citigroup cut Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target for the company. in a research report on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $28.25.

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.