Oceaneering International (OII) Expected to Announce Earnings on Wednesday

Oceaneering International (NYSE:OII - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.34 per share and revenue of $651.96 million 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 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 the consensus estimate of $681.60 million. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. 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 Up 3.5 %

OII stock traded up $0.60 during mid-day trading on Friday, hitting $17.87. 570,925 shares of the company were exchanged, compared to its average volume of 856,057. The firm has a market cap of $1.81 billion, a P/E ratio of 12.41 and a beta of 1.94. Oceaneering International has a 1-year low of $15.46 and a 1-year high of $30.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 1.74. The firm's 50 day simple moving average is $20.80 and its 200 day simple moving average is $24.46.

Analyst Ratings Changes

A number of research firms have issued reports on OII. Citigroup cut Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 target price for the company. in a report on Friday, January 10th. StockNews.com cut Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Barclays lowered their price objective on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Pickering Energy Partners upgraded shares of Oceaneering International from an "underperform" rating to a "neutral" rating in a research note on Wednesday, April 2nd. Finally, TD Cowen raised their price objective on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $28.25.

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.