Oceaneering International (OII) Expected to Announce Earnings on Thursday

Oceaneering International (NYSE:OII - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Oceaneering International (NYSE:OII - Get Free Report) last released 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). The business had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a return on equity of 17.66% and a net margin of 5.54%. 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 Down 6.6 %

Shares of NYSE:OII traded down $1.60 on Friday, hitting $22.55. 512,309 shares of the company's stock were exchanged, compared to its average volume of 701,478. The firm's 50-day moving average is $25.75 and its 200 day moving average is $26.07. The company has a market capitalization of $2.28 billion, a PE ratio of 15.66 and a beta of 2.38. Oceaneering International has a 1-year low of $19.68 and a 1-year high of $30.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76.

Wall Street Analysts Forecast Growth

OII has been the subject of several analyst reports. TD Cowen upped their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Pickering Energy Partners downgraded Oceaneering International from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 14th. Benchmark reiterated a "buy" rating and set a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th. Citigroup cut Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price target on the stock. in a report on Friday, January 10th. Finally, Barclays upgraded Oceaneering International from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $22.00 to $26.00 in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $29.25.

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.