Oceaneering International, Inc. (NYSE:OII) – Analysts at Capital One Financial Corporation dropped their Q2 2018 earnings estimates for Oceaneering International in a research report issued on Thursday, Zacks Investment Research reports. Capital One Financial Corporation analyst J. Gibney now anticipates that the oil and gas company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.03. Capital One Financial Corporation also issued estimates for Oceaneering International’s Q3 2018 earnings at $0.06 EPS and Q4 2018 earnings at $0.02 EPS.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The business had revenue of $476.12 million during the quarter, compared to analysts’ expectations of $511.14 million. During the same quarter last year, the business posted $0.17 EPS. The company’s quarterly revenue was down 13.3% on a year-over-year basis.
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A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Oceaneering International from a “sell” rating to a “hold” rating in a research report on Thursday. Tudor Pickering upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Royal Bank of Canada restated a “buy” rating and set a $27.00 price target on shares of Oceaneering International in a research report on Monday, October 30th. Societe Generale downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Barclays PLC lowered their price target on Oceaneering International from $28.00 to $24.00 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $24.84.
Shares of Oceaneering International (NYSE OII) opened at $20.68 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. Oceaneering International has a 12-month low of $17.11 and a 12-month high of $32.12. The stock has a market capitalization of $2,097.27, a price-to-earnings ratio of 711.33 and a beta of 1.64.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Oceaneering International by 10,555.3% during the 1st quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock valued at $230,542,000 after acquiring an additional 8,433,478 shares in the last quarter. Vanguard Group Inc. boosted its position in Oceaneering International by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock valued at $193,226,000 after acquiring an additional 81,313 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Oceaneering International by 39.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,205,338 shares of the oil and gas company’s stock valued at $96,049,000 after acquiring an additional 1,190,224 shares in the last quarter. Eaton Vance Management boosted its position in Oceaneering International by 20.4% during the 2nd quarter. Eaton Vance Management now owns 3,068,529 shares of the oil and gas company’s stock valued at $70,085,000 after acquiring an additional 519,289 shares in the last quarter. Finally, State Street Corp boosted its position in Oceaneering International by 0.7% during the 1st quarter. State Street Corp now owns 2,995,000 shares of the oil and gas company’s stock valued at $81,101,000 after acquiring an additional 21,246 shares in the last quarter. 99.64% of the stock is currently owned by institutional investors and hedge funds.
In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 2,000 shares of Oceaneering International stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $26.34, for a total transaction of $52,680.00. Following the sale, the director now directly owns 16,600 shares of the company’s stock, valued at approximately $437,244. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.
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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