Oceaneering International (NYSE:OII) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Oceaneering International (NYSE:OII) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02), Zacks reports. Oceaneering International had a return on equity of 15.11% and a net margin of 5.22%.

Oceaneering International Trading Down 1.8 %

NYSE:OII traded down $0.45 on Wednesday, reaching $25.24. The company’s stock had a trading volume of 1,079,603 shares, compared to its average volume of 689,735. Oceaneering International has a 1-year low of $19.68 and a 1-year high of $30.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The firm has a market cap of $2.55 billion, a PE ratio of 19.12 and a beta of 2.38. The business’s 50-day moving average price is $25.83 and its two-hundred day moving average price is $26.09.

Analyst Ratings Changes

A number of brokerages recently commented on OII. TD Cowen lifted their price objective on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research note on Friday, October 25th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $22.00 to $26.00 in a research note on Wednesday, December 18th. Pickering Energy Partners cut Oceaneering International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 14th. Finally, Citigroup cut Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.25.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.