Oceaneering International (OII) Projected to Announce Earnings on Wednesday

Key Points

• Oceaneering International is expected to report Q3 2026 earnings after market close on October 21. Analysts forecast earnings of $0.593 per share and revenue of $775.93 million, with the conference call scheduled for October 22.
• The company’s previous quarter exceeded expectations, reporting $0.63 EPS versus the $0.46 consensus and $768.18 million in revenue, up 10% year over year.
• Analyst sentiment is moderately positive, with a consensus rating of “Moderate Buy” and a $45 target price; however, insiders sold 32,901 shares worth approximately $1.54 million over the past 90 days.

Oceaneering International (NYSE:OII - Get Free Report) is expected to be posting its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect the company to announce earnings of $0.5930 per share and revenue of $775.93 million for the quarter. Interested persons may visit the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 22, 2026 at 11:00 AM ET.

Oceaneering International (NYSE:OII - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The oil and gas company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.17. The business had revenue of $768.18 million during the quarter, compared to analysts' expectations of $735.69 million. Oceaneering International had a net margin of 12.19% and a return on equity of 18.40%. The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. On average, analysts expect Oceaneering International to post $2.10 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.

Oceaneering International Price Performance

Oceaneering International stock opened at $44.78 on Wednesday. The company's 50 day simple moving average is $48.59 and its 200-day simple moving average is $42.64. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 12.87 and a beta of 1.25. Oceaneering International has a 1 year low of $22.02 and a 1 year high of $54.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.18.

Wall Street Analysts Forecast Growth

OII has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Oceaneering International from $39.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, July 27th. Citigroup boosted their target price on Oceaneering International from $40.00 to $52.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Zacks Research upgraded Oceaneering International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Wall Street Zen cut Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Oceaneering International from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $45.00.

Insider Buying and Selling

In other news, Director Paul B. Murphy, Jr. sold 10,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $48.37, for a total transaction of $483,700.00. Following the sale, the director owned 68,916 shares of the company's stock, valued at approximately $3,333,466.92. This represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher J. Dyer sold 1,200 shares of the firm's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.65, for a total transaction of $57,180.00. Following the completion of the transaction, the senior vice president directly owned 14,702 shares of the company's stock, valued at approximately $700,550.30. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,901 shares of company stock worth $1,542,864 over the last 90 days. 1.30% of the stock is owned by insiders.

About Oceaneering International

Oceaneering International, Inc is a Houston-based technology and engineering company that provides products and services for subsea, offshore, aerospace and defense, and other industrial markets. Founded in 1969, the company is best known for its work in challenging underwater environments and serves customers involved in energy production, infrastructure, government programs, and industrial operations.

Oceaneering's subsea businesses provide remotely operated vehicles, autonomous underwater technologies, subsea equipment, tooling, umbilicals, connectors, and intervention systems.

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