Oceaneering International (NYSE:OII) – Investment analysts at Capital One Financial upped their Q1 2018 EPS estimates for Oceaneering International in a research report issued to clients and investors on Monday. Capital One Financial analyst J. Gibney now anticipates that the oil and gas company will earn ($0.09) per share for the quarter, up from their previous estimate of ($0.11). Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Oceaneering International’s Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.22 EPS and FY2019 earnings at ($0.48) EPS.
Several other brokerages also recently issued reports on OII. Royal Bank of Canada set a $22.00 price objective on Oceaneering International and gave the stock a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded Oceaneering International from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Cowen set a $27.00 price objective on Oceaneering International and gave the stock a “hold” rating in a research report on Thursday, January 11th. Jefferies Group downgraded Oceaneering International from a “hold” rating to an “underperform” rating and set a $18.00 price objective for the company. in a research report on Thursday, January 4th. Finally, ValuEngine downgraded Oceaneering International from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.63.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Oceaneering International had a negative return on equity of 0.49% and a net margin of 8.66%. The firm had revenue of $484.20 million during the quarter, compared to the consensus estimate of $435.90 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of OII. Dimensional Fund Advisors LP grew its stake in shares of Oceaneering International by 17.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,936,686 shares of the oil and gas company’s stock valued at $129,688,000 after buying an additional 731,348 shares during the period. Lazard Asset Management LLC grew its stake in shares of Oceaneering International by 23.5% during the 4th quarter. Lazard Asset Management LLC now owns 3,009,622 shares of the oil and gas company’s stock valued at $63,623,000 after buying an additional 572,951 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Oceaneering International by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,231,141 shares of the oil and gas company’s stock valued at $58,612,000 after buying an additional 41,844 shares during the period. Millennium Management LLC grew its stake in shares of Oceaneering International by 208.4% during the 4th quarter. Millennium Management LLC now owns 1,873,907 shares of the oil and gas company’s stock valued at $39,614,000 after buying an additional 1,266,314 shares during the period. Finally, Majedie Asset Management Ltd grew its stake in shares of Oceaneering International by 69.7% during the 4th quarter. Majedie Asset Management Ltd now owns 1,799,717 shares of the oil and gas company’s stock valued at $38,046,000 after buying an additional 738,968 shares during the period. Institutional investors own 96.94% of the company’s stock.
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Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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