Oceaneering International (NYSE:OII) – Gabelli issued their FY2018 earnings per share (EPS) estimates for Oceaneering International in a report released on Monday. Gabelli analyst S. Wong forecasts that the oil and gas company will earn ($0.55) per share for the year. Gabelli also issued estimates for Oceaneering International’s FY2019 earnings at ($0.10) EPS, FY2020 earnings at $0.55 EPS and FY2021 earnings at $1.20 EPS.
A number of other brokerages also recently issued reports on OII. Wells Fargo & Co reaffirmed an “underperform” rating on shares of Oceaneering International in a research report on Friday, January 12th. Scotiabank reaffirmed a “sector perform” rating on shares of Oceaneering International in a research report on Friday, January 12th. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of Oceaneering International in a research report on Friday, January 12th. Howard Weil downgraded shares of Oceaneering International from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Finally, Cowen set a $27.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a research report on Thursday, January 11th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. Oceaneering International 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 Zacks’ consensus estimate of ($0.10) by $0.02. Oceaneering International had a net margin of 8.66% and a negative return on equity of 0.49%. The business had revenue of $484.20 million during the quarter, compared to the consensus estimate of $435.90 million. During the same period in the prior year, the firm posted $0.03 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new position in Oceaneering International in the 3rd quarter worth approximately $100,000. Quantbot Technologies LP bought a new position in Oceaneering International in the 3rd quarter worth approximately $103,000. Amundi Pioneer Asset Management Inc. bought a new position in Oceaneering International in the 4th quarter worth approximately $112,000. State of Alaska Department of Revenue bought a new position in Oceaneering International in the 4th quarter worth approximately $120,000. Finally, World Asset Management Inc bought a new position in Oceaneering International in the 3rd quarter worth approximately $201,000. 96.94% of the stock is owned by institutional investors.
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About Oceaneering International
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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