Oceaneering International, Inc. (NYSE:OII) – Equities researchers at Seaport Global Securities issued their Q2 2017 earnings per share (EPS) estimates for shares of Oceaneering International in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Urban anticipates that the oil and gas company will earn ($0.03) per share for the quarter. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Oceaneering International’s Q3 2017 earnings at ($0.04) EPS, Q4 2017 earnings at ($0.06) EPS, FY2017 earnings at ($0.17) EPS, Q1 2018 earnings at ($0.06) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at ($0.01) EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.05 EPS and FY2019 earnings at $0.25 EPS.

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

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A number of other research firms have also commented on OII. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Jefferies Group LLC restated a “hold” rating and set a $25.00 price target on shares of Oceaneering International in a research report on Tuesday, April 11th. Scotiabank restated a “buy” rating and set a $37.00 price target on shares of Oceaneering International in a research report on Friday, April 28th. Royal Bank Of Canada restated a “sell” rating and set a $30.00 price target on shares of Oceaneering International in a research report on Friday, April 21st. Finally, Wolfe Research lowered Oceaneering International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 6th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.44.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Westpac Banking Corp purchased a new position in Oceaneering International during the first quarter valued at about $144,000. LS Investment Advisors LLC increased its position in 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. Teacher Retirement System of Texas increased its position in Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 300 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Oceaneering International by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 560 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Oceaneering International during the first quarter valued at about $259,000. 98.81% of the stock is currently owned by hedge funds and other 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).

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

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