Oceaneering International, Inc. (NYSE:OII) – Capital One Financial Corporation upped their Q1 2018 EPS estimates for Oceaneering International in a note issued to investors on Thursday, Zacks Investment Research reports. Capital One Financial Corporation analyst J. Gibney now anticipates that the oil and gas company will post earnings of ($0.02) per share for the quarter, up from their previous estimate of ($0.03). Capital One Financial Corporation also issued estimates for Oceaneering International’s FY2018 earnings at $0.08 EPS.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The business had revenue of $476.12 million during the quarter, compared to the consensus estimate of $511.14 million. During the same period in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was down 13.3% compared to the same quarter last year.
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Several other research firms have also recently weighed in on OII. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 price objective on shares of Oceaneering International in a research report on Monday, October 30th. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Piper Jaffray Companies cut Oceaneering International from an “overweight” rating to a “neutral” rating in a research report on Friday, October 27th. J P Morgan Chase & Co reduced their target price on Oceaneering International from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Tuesday, September 12th. Finally, Barclays PLC assumed coverage on Oceaneering International in a research report on Friday, October 6th. They issued an “equal weight” rating and a $28.00 target price for the company. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.84.
Oceaneering International (OII) traded down $0.48 on Monday, hitting $20.20. The stock had a trading volume of 1,092,000 shares, compared to its average volume of 1,392,364. Oceaneering International has a 12 month low of $17.11 and a 12 month high of $32.12. The company has a quick ratio of 2.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1,990.00, a PE ratio of 689.33 and a beta of 1.64.
In other news, VP W Cardon Gerner sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $25.76, for a total value of $51,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company’s stock.
Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Oceaneering International in the third quarter valued at $103,000. Pacad Investment Ltd. increased its stake in shares of Oceaneering International by 231.3% in the second quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 3,700 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Oceaneering International by 121.2% in the third quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock valued at $138,000 after buying an additional 2,865 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Oceaneering International by 18.4% in the second quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after buying an additional 1,188 shares in the last quarter. Finally, World Asset Management Inc acquired a new stake in shares of Oceaneering International in the third quarter valued at $201,000. Institutional investors own 99.87% of the company’s stock.
About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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