Oceaneering International (OII) to Release Quarterly Earnings on Wednesday

Oceaneering International (NYSE:OII) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Oceaneering International had a net margin of 4.02% and a return on equity of 14.00%. The company had revenue of $654.60 million during the quarter, compared to analyst estimates of $624.81 million. During the same period in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts expect Oceaneering International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oceaneering International Price Performance

OII opened at $22.97 on Wednesday. The company has a fifty day moving average price of $22.18 and a two-hundred day moving average price of $21.81. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.78. Oceaneering International has a 52 week low of $14.99 and a 52 week high of $27.46. The firm has a market capitalization of $2.33 billion, a PE ratio of 24.18 and a beta of 2.49.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd grew its stake in Oceaneering International by 250.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,804 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 2,003 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Oceaneering International in the 4th quarter valued at about $31,000. Chilton Capital Management LLC acquired a new position in Oceaneering International in the 1st quarter valued at about $35,000. Coppell Advisory Solutions LLC acquired a new position in Oceaneering International in the 2nd quarter valued at about $45,000. Finally, Advisor Group Holdings Inc. grew its stake in Oceaneering International by 111.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 1,635 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, April 6th. Barclays reduced their price target on shares of Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 29th.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.