Brokerages expect Oceaneering International, Inc. (NYSE:OII) to report $481.03 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Oceaneering International’s earnings, with estimates ranging from $444.08 million to $496.80 million. Oceaneering International posted sales of $625.54 million during the same quarter last year, which would indicate a negative year over year growth rate of 23.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, July 26th.

On average, analysts expect that Oceaneering International will report full-year sales of $481.03 million for the current fiscal year, with estimates ranging from $1.78 billion to $1.97 billion. For the next year, analysts expect that the firm will post sales of $2.01 billion per share, with estimates ranging from $1.84 billion to $2.16 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Oceaneering International.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. Oceaneering International had a negative net margin of 0.38% and a positive return on equity of 2.72%. The firm had revenue of $446.18 million during the quarter, compared to analyst estimates of $459.57 million. During the same period in the previous year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was down 26.7% on a year-over-year basis.

OII has been the subject of several research analyst reports. BidaskClub lowered shares of Oceaneering International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Zacks Investment Research lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Scotiabank reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Oceaneering International in a research report on Friday, April 28th. Wolfe Research lowered shares of Oceaneering International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 6th. Finally, Jefferies Group LLC set a $25.00 price objective on shares of Oceaneering International and gave the company a “hold” rating in a research report on Wednesday, May 17th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.44.

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Shares of Oceaneering International (NYSE:OII) opened at 24.45 on Friday. Oceaneering International has a 52 week low of $20.74 and a 52 week high of $32.12. The stock has a 50 day moving average of $23.60 and a 200-day moving average of $26.06. The company’s market capitalization is $2.40 billion.

A number of institutional investors have recently bought and sold shares of OII. Oldfield Partners LLP acquired a new position in Oceaneering International during the second quarter worth about $466,000. State Treasurer State of Michigan raised its position in Oceaneering International by 1.8% in the second quarter. State Treasurer State of Michigan now owns 40,500 shares of the oil and gas company’s stock worth $925,000 after buying an additional 700 shares in the last quarter. First Quadrant L P CA raised its position in Oceaneering International by 9.2% in the second quarter. First Quadrant L P CA now owns 1,024,687 shares of the oil and gas company’s stock worth $23,404,000 after buying an additional 86,619 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Oceaneering International by 16.4% in the second quarter. Aperio Group LLC now owns 65,442 shares of the oil and gas company’s stock worth $1,495,000 after buying an additional 9,212 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Oceaneering International by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 25,600 shares of the oil and gas company’s stock worth $585,000 after buying an additional 800 shares during the last quarter. 98.81% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Oceaneering International (NYSE:OII)

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