Oceaneering International (OII) to Release Quarterly Earnings on Wednesday

Oceaneering International (NYSE:OII) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Oceaneering International to post earnings of $0.30 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $654.60 million during the quarter, compared to the consensus estimate of $624.81 million. Oceaneering International had a return on equity of 14.00% and a net margin of 4.02%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, analysts expect Oceaneering International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Oceaneering International Trading Down 2.0 %

Shares of OII opened at $22.97 on Wednesday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 24.18 and a beta of 2.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.78. Oceaneering International has a fifty-two week low of $14.99 and a fifty-two week high of $27.46. The firm has a 50 day moving average price of $22.18 and a 200-day moving average price of $21.81.

Analyst Upgrades and Downgrades

OII has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of Oceaneering International from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, February 29th. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday, April 6th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Oceaneering International by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 12,461,454 shares of the oil and gas company’s stock valued at $265,180,000 after purchasing an additional 246,067 shares during the period. State Street Corp increased its position in Oceaneering International by 3.5% during the 3rd quarter. State Street Corp now owns 4,758,759 shares of the oil and gas company’s stock valued at $37,880,000 after purchasing an additional 161,414 shares during the period. Dimensional Fund Advisors LP increased its position in Oceaneering International by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,600,960 shares of the oil and gas company’s stock valued at $54,592,000 after purchasing an additional 189,991 shares during the period. Geode Capital Management LLC increased its position in Oceaneering International by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,936,346 shares of the oil and gas company’s stock valued at $36,210,000 after purchasing an additional 74,167 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Oceaneering International by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,778,907 shares of the oil and gas company’s stock valued at $26,968,000 after purchasing an additional 48,666 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.