Oceaneering International (NYSE:OII) – Stock analysts at Jefferies Group decreased their Q4 2017 earnings estimates for Oceaneering International in a report released on Thursday. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will earn ($0.13) per share for the quarter, down from their prior estimate of ($0.12). Jefferies Group has a “Underperform” rating and a $18.00 price objective on the stock. Jefferies Group also issued estimates for Oceaneering International’s Q1 2018 earnings at ($0.24) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.60) EPS and FY2019 earnings at ($0.15) EPS.
Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The firm had revenue of $476.12 million for the quarter, compared to analyst estimates of $511.14 million. During the same period last year, the business earned $0.17 EPS. The company’s revenue was down 13.3% compared to the same quarter last year.
Several other research analysts have also issued reports on OII. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Barclays began coverage on Oceaneering International in a research report on Friday, October 6th. They set an “equal weight” rating and a $28.00 target price for the company. Cowen set a $28.00 target price on Oceaneering International and gave the stock a “hold” rating in a research report on Friday, October 6th. Piper Jaffray Companies lowered Oceaneering International from an “overweight” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Citigroup lowered their target price on Oceaneering International from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $23.70.
Shares of Oceaneering International (NYSE OII) opened at $23.45 on Monday. The company has a current ratio of 2.67, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53. Oceaneering International has a twelve month low of $17.11 and a twelve month high of $29.53. The firm has a market capitalization of $2,300.00, a price-to-earnings ratio of -123.42 and a beta of 1.62.
Hedge funds have recently bought and sold shares of the company. Zions Bancorporation bought a new position in shares of Oceaneering International in the 3rd quarter worth about $100,000. Quantbot Technologies LP bought a new stake in Oceaneering International in the 3rd quarter valued at about $103,000. Meeder Asset Management Inc. increased its position in Oceaneering International by 121.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock valued at $138,000 after buying an additional 2,865 shares in the last quarter. Pacad Investment Ltd. increased its position in Oceaneering International by 231.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 3,700 shares in the last quarter. Finally, World Asset Management Inc bought a new stake in Oceaneering International in the 3rd quarter valued at about $201,000. 99.69% of the stock is owned by hedge funds and other institutional investors.
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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