Oceaneering International, Inc. (NYSE:OII) – Analysts at Seaport Global Securities cut their FY2017 earnings estimates for Oceaneering International in a research report issued on Monday. Seaport Global Securities analyst M. Urban now anticipates that the oil and gas company will post earnings of ($0.08) per share for the year, down from their prior estimate of $0.06. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Oceaneering International’s Q4 2017 earnings at ($0.08) EPS, Q1 2018 earnings at ($0.12) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.01 EPS, FY2018 earnings at ($0.20) EPS, Q1 2019 earnings at ($0.02) EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.12 EPS and FY2019 earnings at $0.30 EPS.

Oceaneering International (NYSE:OII) last released its quarterly earnings results 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). The firm had revenue of $476.12 million for the quarter, compared to the consensus estimate of $511.14 million. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. Oceaneering International’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share.

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Several other research firms also recently commented on OII. Cowen and Company set a $28.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Friday, August 4th. Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a research note on Sunday, July 30th. Deutsche Bank AG began coverage on shares of Oceaneering International in a research note on Tuesday, October 10th. They set a “hold” rating and a $28.00 price objective for the company. Scotiabank set a $37.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Barclays PLC began coverage on shares of Oceaneering International in a research note on Friday, October 6th. They set an “equal weight” rating and a $28.00 price objective for the company. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $24.84.

Institutional investors have recently modified their holdings of the business. Shell Asset Management Co. raised its position in shares of Oceaneering International by 109.1% in the third quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after acquiring an additional 27,684 shares during the period. SG Americas Securities LLC raised its position in shares of Oceaneering International by 48.3% in the second quarter. SG Americas Securities LLC now owns 43,819 shares of the oil and gas company’s stock worth $1,001,000 after acquiring an additional 14,270 shares during the period. Personal Capital Advisors Corp raised its position in shares of Oceaneering International by 14.4% in the third quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after acquiring an additional 11,818 shares during the period. Schroder Investment Management Group raised its position in shares of Oceaneering International by 10.0% in the second quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock worth $9,635,000 after acquiring an additional 38,535 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Oceaneering International by 1.0% in the second quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock worth $193,226,000 after acquiring an additional 81,313 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total value of $52,680.00. Following the completion of the transaction, the director now owns 16,600 shares in the company, valued at $437,244. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.91% 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).

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

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