Zacks Research Has Strong Forecast for OII FY2025 Earnings

Key Points

• Zacks Research has revised its FY2025 earnings per share (EPS) estimate for Oceaneering International to $1.87, an increase from the previous estimate of $1.78.
• Barclays has raised their price target for Oceaneering International from $21.00 to $22.00 while maintaining an "equal weight" rating on the stock.
• Oceaneering International reported earnings of $0.49 per share for the last quarter, exceeding the consensus estimate of $0.42 by $0.07, with revenues of $698.16 million.

Oceaneering International, Inc. (NYSE:OII - Free Report) - Equities research analysts at Zacks Research boosted their FY2025 EPS estimates for Oceaneering International in a report released on Wednesday, August 13th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will earn $1.87 per share for the year, up from their previous forecast of $1.78. The consensus estimate for Oceaneering International's current full-year earnings is $1.78 per share. Zacks Research also issued estimates for Oceaneering International's Q3 2026 earnings at $0.49 EPS, Q4 2026 earnings at $0.50 EPS, FY2026 earnings at $1.70 EPS, Q1 2027 earnings at $0.24 EPS and Q2 2027 earnings at $0.43 EPS.

A number of other brokerages also recently weighed in on OII. Barclays boosted their price target on Oceaneering International from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen cut Oceaneering International from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $28.25.

Oceaneering International Trading Down 1.7%

Shares of NYSE OII traded down $0.3930 during midday trading on Thursday, hitting $22.5170. The stock had a trading volume of 236,807 shares, compared to its average volume of 870,493. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 11.37 and a beta of 1.55. Oceaneering International has a 1-year low of $15.46 and a 1-year high of $30.98. The company has a quick ratio of 1.67, a current ratio of 2.00 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average price of $21.53 and a 200 day moving average price of $20.76.

Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. Oceaneering International had a return on equity of 22.09% and a net margin of 7.31%.The firm had revenue of $698.16 million during the quarter, compared to the consensus estimate of $676.81 million. During the same period last year, the company earned $0.28 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis.

Hedge Funds Weigh In On Oceaneering International

Several institutional investors and hedge funds have recently bought and sold shares of OII. LPL Financial LLC boosted its position in shares of Oceaneering International by 0.8% in the 4th quarter. LPL Financial LLC now owns 56,253 shares of the oil and gas company's stock worth $1,467,000 after purchasing an additional 451 shares in the last quarter. Profund Advisors LLC increased its stake in Oceaneering International by 3.4% in the 2nd quarter. Profund Advisors LLC now owns 17,032 shares of the oil and gas company's stock worth $353,000 after buying an additional 559 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Oceaneering International by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,575 shares of the oil and gas company's stock worth $276,000 after buying an additional 584 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Oceaneering International by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company's stock valued at $1,934,000 after purchasing an additional 634 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Oceaneering International by 29.7% during the 1st quarter. GAMMA Investing LLC now owns 3,104 shares of the oil and gas company's stock valued at $68,000 after purchasing an additional 711 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

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.