Oceaneering International (NYSE:OII - Get Free Report) released its quarterly earnings data on Wednesday. The oil and gas company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02), Zacks reports. The firm had revenue of $713.45 million during the quarter, compared to the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.66%.
Oceaneering International Price Performance
OII stock traded down $1.64 during mid-day trading on Friday, hitting $22.52. 1,239,197 shares of the stock were exchanged, compared to its average volume of 723,950. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The business has a fifty day moving average price of $25.68 and a 200 day moving average price of $26.05. Oceaneering International has a 12 month low of $19.68 and a 12 month high of $30.98. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 15.64 and a beta of 2.38.
Analyst Ratings Changes
OII has been the subject of several analyst reports. Benchmark reissued a "buy" rating and issued a $34.00 price target on shares of Oceaneering International in a report on Friday, October 25th. Pickering Energy Partners lowered Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. Barclays upgraded Oceaneering International from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. TD Cowen lifted their price target on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded Oceaneering International from a "hold" rating to a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $29.25.
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About Oceaneering International
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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.
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