$431.43 Million in Sales Expected for Oceaneering International (OII) This Quarter

Equities analysts forecast that Oceaneering International (NYSE:OII) will post sales of $431.43 million for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Oceaneering International’s earnings. The highest sales estimate is $449.90 million and the lowest is $407.80 million. Oceaneering International reported sales of $488.45 million during the same quarter last year, which indicates a negative year over year growth rate of 11.7%. The firm is expected to issue its next earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Oceaneering International will report full year sales of $431.43 million for the current year, with estimates ranging from $1.85 billion to $1.89 billion. For the next financial year, analysts expect that the firm will report sales of $1.72 billion per share, with estimates ranging from $1.48 billion to $1.84 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Oceaneering International.

A number of equities analysts have issued reports on the stock. Cowen set a $21.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a research report on Sunday, October 29th. ValuEngine cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Loop Capital cut their target price on shares of Oceaneering International from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Jefferies Group set a $18.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $23.46.

Oceaneering International (NYSE OII) opened at $17.86 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1,814.23, a PE ratio of 615.33 and a beta of 1.44. Oceaneering International has a 52-week low of $17.11 and a 52-week high of $29.53.

Several large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Oceaneering International by 19.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,326 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 1,512 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Oceaneering International by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 144,296 shares of the oil and gas company’s stock valued at $3,295,000 after buying an additional 2,661 shares during the last quarter. ING Groep NV raised its position in shares of Oceaneering International by 23.2% in the fourth quarter. ING Groep NV now owns 14,828 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 2,793 shares during the last quarter. Meeder Asset Management Inc. raised its position 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 during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Oceaneering International by 0.7% in the third quarter. Schroder Investment Management Group now owns 428,257 shares of the oil and gas company’s stock valued at $11,370,000 after buying an additional 3,080 shares during the last quarter. 99.69% of the stock is owned by institutional investors and hedge funds.

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

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