Analysts expect that Oceaneering International (NYSE:OII) will report ($0.16) earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Oceaneering International’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.18). Oceaneering International posted earnings per share of $0.02 during the same quarter last year, which indicates a negative year over year growth rate of 900%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, October 24th.

According to Zacks, analysts expect that Oceaneering International will report full-year earnings of ($1.01) per share for the current fiscal year, with EPS estimates ranging from ($1.10) to ($0.89). For the next financial year, analysts anticipate that the business will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.68) to ($0.16). Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Oceaneering International.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, July 25th. The oil and gas company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.03. The company had revenue of $479.00 million during the quarter, compared to the consensus estimate of $448.96 million. Oceaneering International had a net margin of 4.83% and a negative return on equity of 4.31%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS.

Several analysts recently issued reports on OII shares. Zacks Investment Research raised shares of Oceaneering International from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Monday, July 16th. Royal Bank of Canada reissued a “buy” rating and issued a $28.00 price target on shares of Oceaneering International in a research report on Friday, July 27th. Credit Suisse Group lifted their price target on shares of Oceaneering International from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Jefferies Financial Group reissued a “hold” rating and issued a $24.00 price target on shares of Oceaneering International in a research report on Friday, July 27th. Finally, ValuEngine raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.43.

Shares of OII stock traded up $0.60 during trading hours on Friday, hitting $25.26. 1,001,216 shares of the company were exchanged, compared to its average volume of 1,304,762. The company has a market cap of $2.72 billion, a price-to-earnings ratio of -360.86 and a beta of 1.37. Oceaneering International has a fifty-two week low of $17.11 and a fifty-two week high of $28.62. The company has a quick ratio of 2.17, a current ratio of 2.61 and a debt-to-equity ratio of 0.50.

In other Oceaneering International news, Director T Jay Collins sold 16,750 shares of Oceaneering International stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $26.50, for a total transaction of $443,875.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of OII. BlackRock Inc. boosted its holdings in Oceaneering International by 31.3% during the 2nd quarter. BlackRock Inc. now owns 11,198,680 shares of the oil and gas company’s stock worth $285,118,000 after acquiring an additional 2,667,334 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Oceaneering International by 164.0% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,676,654 shares of the oil and gas company’s stock worth $68,165,000 after purchasing an additional 2,284,186 shares during the period. Legal & General Group Plc raised its stake in shares of Oceaneering International by 917.5% during the 1st quarter. Legal & General Group Plc now owns 1,548,354 shares of the oil and gas company’s stock worth $28,707,000 after purchasing an additional 1,396,187 shares during the period. Fisher Asset Management LLC raised its stake in shares of Oceaneering International by 140.8% during the 2nd quarter. Fisher Asset Management LLC now owns 1,562,067 shares of the oil and gas company’s stock worth $39,770,000 after purchasing an additional 913,375 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Oceaneering International by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,654,076 shares of the oil and gas company’s stock worth $194,872,000 after purchasing an additional 735,367 shares during the period.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Earnings History and Estimates for Oceaneering International (NYSE:OII)

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