Oceaneering International, Inc. Expected to Post Q2 2017 Earnings of ($0.03) Per Share (NYSE:OII)

Oceaneering International, Inc. (NYSE:OII) – Research analysts at Seaport Global Securities issued their Q2 2017 earnings per share (EPS) estimates for shares of Oceaneering International in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Urban expects that the oil and gas company will post earnings of ($0.03) per share for the quarter. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Oceaneering International’s Q3 2017 earnings at ($0.04) EPS, Q4 2017 earnings at ($0.06) EPS, FY2017 earnings at ($0.17) EPS, Q1 2018 earnings at ($0.06) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at ($0.01) EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.05 EPS and FY2019 earnings at $0.25 EPS.

Several other equities research analysts also recently weighed in on OII. Jefferies Group LLC reissued a “hold” rating and set a $25.00 price target on shares of Oceaneering International in a research report on Tuesday, April 11th. Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Royal Bank Of Canada reissued a “sell” rating and set a $30.00 price target on shares of Oceaneering International in a research report on Friday, April 21st. Scotiabank reissued a “buy” rating and set a $37.00 price target on shares of Oceaneering International in a research report on Friday, April 28th. Finally, Wolfe Research downgraded shares of Oceaneering International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 6th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.44.

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Oceaneering International (NYSE OII) opened at 24.64 on Monday. Oceaneering International has a 52 week low of $20.74 and a 52 week high of $32.12. The stock has a 50 day moving average price of $23.58 and a 200-day moving average price of $25.98. The stock’s market cap is $2.42 billion.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. Oceaneering International had a positive return on equity of 2.72% and a negative net margin of 0.38%. The firm had revenue of $446.18 million for the quarter, compared to the consensus estimate of $459.57 million. During the same quarter in the previous year, the business earned $0.26 EPS. The company’s revenue was down 26.7% compared to the same quarter last year.

Large investors have recently modified their holdings of the company. Exencial Wealth Advisors LLC boosted its stake in shares of Oceaneering International by 17.4% in the first quarter. Exencial Wealth Advisors LLC now owns 41,032 shares of the oil and gas company’s stock valued at $1,075,000 after buying an additional 6,073 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of Oceaneering International by 7.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 312,857 shares of the oil and gas company’s stock valued at $8,472,000 after buying an additional 22,000 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Oceaneering International by 196.5% in the first quarter. Glen Harbor Capital Management LLC now owns 79,068 shares of the oil and gas company’s stock valued at $2,141,000 after buying an additional 52,404 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Oceaneering International by 2.0% in the first quarter. Nationwide Fund Advisors now owns 177,448 shares of the oil and gas company’s stock valued at $4,805,000 after buying an additional 3,408 shares in the last quarter. Finally, Hermes Investment Management Ltd. boosted its stake in shares of Oceaneering International by 2.8% in the first quarter. Hermes Investment Management Ltd. now owns 749,834 shares of the oil and gas company’s stock valued at $20,306,000 after buying an additional 20,531 shares in the last quarter. Institutional investors own 98.77% of the company’s stock.

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).

Earnings History and Estimates for Oceaneering International (NYSE:OII)

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