Oceaneering International (OII) Projected to Release Earnings on Wednesday

Oceaneering International (NYSE:OII) is expected to announce its Q2 2026 results after the market closes on Wednesday, July 22nd. Analysts expect Oceaneering International to announce earnings of $0.4555 per share and revenue of $735.6860 million for the quarter. Interested persons may visit the the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 23, 2026 at 11:00 AM ET.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05). Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The firm had revenue of $692.43 million during the quarter, compared to analyst estimates of $671.35 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. 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 Stock Down 0.1%

OII stock opened at $42.25 on Monday. Oceaneering International has a 52-week low of $20.28 and a 52-week high of $44.22. The company’s 50 day simple moving average is $38.96 and its 200-day simple moving average is $35.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.08 and a quick ratio of 1.79. The firm has a market capitalization of $4.21 billion, a P/E ratio of 12.54 and a beta of 1.15.

Insiders Place Their Bets

In other Oceaneering International news, CEO Roderick A. Larson sold 5,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the completion of the sale, the chief executive officer owned 397,279 shares in the company, valued at $15,203,867.33. This represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Oceaneering International

A number of hedge funds have recently modified their holdings of OII. Lido Advisors LLC boosted its stake in Oceaneering International by 2.8% in the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 335 shares in the last quarter. CSM Advisors LLC raised its stake in Oceaneering International by 3.1% during the third quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after acquiring an additional 428 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Oceaneering International by 2.9% during the fourth quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 545 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Oceaneering International by 0.7% during the second quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company’s stock valued at $1,934,000 after acquiring an additional 634 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Oceaneering International by 33.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 747 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OII has been the topic of several research analyst reports. Barclays lifted their price objective on shares of Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. TD Cowen lifted their price target on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Citigroup upped their price target on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Oceaneering International currently has a consensus rating of “Hold” and an average price target of $38.33.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.