Oceaneering International (NYSE:OII) released its quarterly earnings data on Thursday. The oil and gas company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02, Bloomberg Earnings reports. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The company had revenue of $484.20 million during the quarter, compared to analyst estimates of $435.90 million. During the same quarter in the previous year, the business posted $0.03 EPS. Oceaneering International’s revenue for the quarter was down .9% compared to the same quarter last year.
Oceaneering International (NYSE:OII) traded up $0.29 on Thursday, reaching $19.00. 1,130,000 shares of the company’s stock were exchanged, compared to its average volume of 1,220,000. The company has a quick ratio of 2.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1,870.00, a P/E ratio of -100.00 and a beta of 1.43. Oceaneering International has a 1 year low of $17.11 and a 1 year high of $29.53.
Several analysts recently issued reports on the stock. ValuEngine downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Scotiabank reissued a “sector perform” rating on shares of Oceaneering International in a research report on Friday, January 12th. Wells Fargo & Co reissued an “underperform” rating on shares of Oceaneering International in a research report on Friday, January 12th. Scotia Howard Weill reissued a “sector perform” rating on shares of Oceaneering International in a research report on Friday, January 12th. Finally, Howard Weil downgraded shares of Oceaneering International from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.46.
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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).
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