Oceaneering International (OII) to Release Quarterly Earnings on Wednesday

Oceaneering International (NYSE:OII - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $681.60 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Oceaneering International Trading Up 0.3 %

NYSE OII traded up $0.09 on Monday, reaching $25.42. The company had a trading volume of 455,934 shares, compared to its average volume of 682,662. Oceaneering International has a 52 week low of $19.68 and a 52 week high of $30.98. The stock's 50 day moving average is $25.88 and its 200-day moving average is $26.12. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 19.25 and a beta of 2.38.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Benchmark reiterated a "buy" rating and issued a $34.00 target price on shares of Oceaneering International in a report on Friday, October 25th. Pickering Energy Partners lowered shares of Oceaneering International from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 14th. Barclays raised Oceaneering International from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. Finally, Citigroup lowered Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price on the stock. in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.25.

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.