Oceaneering International (NYSE:OII) Releases Earnings Results

Oceaneering International (NYSE:OII) issued its earnings results on Wednesday. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02), Zacks reports. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%.

Oceaneering International Trading Down 1.8 %

Shares of NYSE:OII traded down $0.45 during midday trading on Wednesday, reaching $25.24. 1,082,320 shares of the company’s stock were exchanged, compared to its average volume of 689,875. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 19.12 and a beta of 2.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The firm’s 50 day simple moving average is $25.83 and its two-hundred day simple moving average is $26.09. Oceaneering International has a fifty-two week low of $19.68 and a fifty-two week high of $30.98.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OII shares. TD Cowen raised their target price on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $22.00 to $26.00 in a research report on Wednesday, December 18th. Pickering Energy Partners downgraded Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Friday, January 10th. Finally, Benchmark reissued a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Oceaneering International currently has an average rating of “Hold” and a consensus target price of $29.25.

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.