Oceaneering International (NYSE:OII) – Investment analysts at Gabelli issued their FY2018 EPS estimates for shares of Oceaneering International in a report released on Monday. Gabelli analyst S. Wong forecasts that the oil and gas company will post earnings per share of ($0.55) for the year. Gabelli also issued estimates for Oceaneering International’s FY2019 earnings at ($0.10) EPS, FY2020 earnings at $0.55 EPS and FY2021 earnings at $1.20 EPS.
A number of other analysts also recently weighed in on the stock. Capital One Financial downgraded shares of Oceaneering International from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 16th. 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 report on Thursday, December 21st. Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Tudor Pickering raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. 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. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.63.
Oceaneering International (OII) traded down $0.12 during trading hours on Thursday, reaching $17.88. 497,656 shares of the company’s stock were exchanged, compared to its average volume of 1,391,360. The firm has a market cap of $1,806.37, a P/E ratio of 10.55 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.72 and a quick ratio of 2.14. Oceaneering International has a twelve month low of $17.11 and a twelve month high of $28.50.
Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. The firm had revenue of $484.20 million for the quarter, compared to the consensus estimate of $435.90 million. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS.
Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Oceaneering International by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 144,296 shares of the oil and gas company’s stock valued at $3,295,000 after acquiring an additional 2,661 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Oceaneering International by 19.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,326 shares of the oil and gas company’s stock worth $213,000 after buying an additional 1,512 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Oceaneering International by 6.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 81,702 shares of the oil and gas company’s stock worth $2,146,000 after buying an additional 4,689 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Oceaneering International during the 3rd quarter worth approximately $340,000. Finally, Boys Arnold & Co. Inc. bought a new position in shares of Oceaneering International during the 3rd quarter worth approximately $210,000. Hedge funds and other institutional investors own 96.94% of the company’s stock.
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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).