Oceaneering International, Inc. Forecasted to Post FY2023 Earnings of $0.67 Per Share (NYSE:OII)

Oceaneering International, Inc. (NYSE:OII) – Research analysts at Zacks Research boosted their FY2023 EPS estimates for shares of Oceaneering International in a research note issued on Thursday, September 7th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will post earnings per share of $0.67 for the year, up from their prior estimate of $0.62. The consensus estimate for Oceaneering International’s current full-year earnings is $0.86 per share. Zacks Research also issued estimates for Oceaneering International’s Q1 2025 earnings at $0.23 EPS and Q2 2025 earnings at $0.23 EPS.

OII has been the topic of several other reports. Citigroup increased their target price on Oceaneering International from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th.

Oceaneering International Stock Down 0.1 %

Shares of Oceaneering International stock opened at $24.84 on Monday. Oceaneering International has a twelve month low of $7.25 and a twelve month high of $25.60. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 38.81 and a beta of 2.85. The company has a current ratio of 2.24, a quick ratio of 1.90 and a debt-to-equity ratio of 1.27. The business’s 50 day simple moving average is $22.09 and its 200-day simple moving average is $19.24.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.12). Oceaneering International had a return on equity of 10.40% and a net margin of 2.89%. The business had revenue of $597.91 million for the quarter, compared to analyst estimates of $600.33 million. During the same quarter last year, the company earned $0.07 EPS. Oceaneering International’s revenue was up 14.1% compared to the same quarter last year.

Hedge Funds Weigh In On Oceaneering International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC acquired a new position in Oceaneering International during the first quarter worth about $4,977,000. HRT Financial LP lifted its position in shares of Oceaneering International by 279.4% during the 4th quarter. HRT Financial LP now owns 63,121 shares of the oil and gas company’s stock valued at $1,103,000 after acquiring an additional 46,486 shares during the last quarter. Versor Investments LP bought a new stake in shares of Oceaneering International during the 1st quarter worth $366,000. Citigroup Inc. grew its holdings in shares of Oceaneering International by 31.2% in the 4th quarter. Citigroup Inc. now owns 73,448 shares of the oil and gas company’s stock worth $1,285,000 after acquiring an additional 17,468 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Oceaneering International by 10.5% during the fourth quarter. Brown Advisory Inc. now owns 3,621,786 shares of the oil and gas company’s stock worth $63,345,000 after purchasing an additional 344,707 shares during the period. 91.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Oceaneering International news, SVP Christopher J. Dyer sold 4,800 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $21.49, for a total transaction of $103,152.00. Following the transaction, the senior vice president now owns 12,601 shares of the company’s stock, valued at approximately $270,795.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

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. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.