Oceaneering International (OII) Set to Announce Earnings on Tuesday

Oceaneering International (NYSE:OII) is scheduled to release its earnings data after the market closes on Tuesday, April 24th. Analysts expect Oceaneering International to post earnings of ($0.16) per share for the quarter.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.02. The company had revenue of $484.20 million for the quarter, compared to the consensus estimate of $435.90 million. Oceaneering International had a negative return on equity of 0.49% and a net margin of 8.66%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. On average, analysts expect Oceaneering International to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

OII opened at $20.08 on Monday. The company has a quick ratio of 2.23, a current ratio of 2.72 and a debt-to-equity ratio of 0.48. Oceaneering International has a 52 week low of $17.11 and a 52 week high of $27.55.

A number of research analysts recently commented on the company. Cowen reissued a “hold” rating and issued a $18.00 target price on shares of Oceaneering International in a research note on Friday, April 13th. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Jefferies Group raised Oceaneering International from an “underperform” rating to a “hold” rating and increased their target price for the company from $18.82 to $19.00 in a research note on Wednesday, March 14th. Barclays reissued an “equal weight” rating on shares of Oceaneering International in a research note on Tuesday, February 27th. Finally, Loop Capital reduced their target price on Oceaneering International from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $22.10.

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Oceaneering International Company Profile

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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