Oceaneering International (NYSE:OII) is set to announce its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter.
Oceaneering International (NYSE:OII) last announced its earnings results on Thursday, February 22nd. The oil and gas company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The company had revenue of $484.20 million during the quarter, compared to the consensus estimate of $435.90 million. Oceaneering International had a net margin of 8.66% and a negative return on equity of 0.49%. Oceaneering International’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. On average, analysts expect Oceaneering International to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of OII opened at $20.04 on Tuesday. The company has a market capitalization of $2,013.52, a price-to-earnings ratio of -286.29 and a beta of 1.39. Oceaneering International has a twelve month low of $17.11 and a twelve month high of $27.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.72 and a quick ratio of 2.23.
Several equities research analysts have weighed in on OII shares. Royal Bank of Canada set a $22.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Jefferies Group downgraded shares of Oceaneering International from a “hold” rating to an “underperform” rating and set a $18.00 target price for the company. in a research note on Thursday, January 4th. Cowen set a $27.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Howard Weil downgraded shares of Oceaneering International from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 12th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.10.
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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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