Oceaneering International (OII) Projected to Post Quarterly Earnings on Wednesday

Oceaneering International (NYSE:OII) is projected to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect Oceaneering International to post earnings of $0.39 per share and revenue of $681.60 million for the quarter.

Oceaneering International Trading Down 3.1 %

OII opened at $24.91 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. Oceaneering International has a twelve month low of $19.68 and a twelve month high of $30.98. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.87 and a beta of 2.38. The company has a 50-day simple moving average of $25.97 and a 200 day simple moving average of $26.20.

Analyst Upgrades and Downgrades

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

Oceaneering International Company Profile

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.