Oceaneering International (OII) Projected to Post Earnings on Wednesday

Oceaneering International (NYSE:OII) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $681.60 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Oceaneering International Stock Up 0.3 %

Oceaneering International stock opened at $25.42 on Tuesday. Oceaneering International has a fifty-two week low of $19.68 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 1.76. The company has a market capitalization of $2.57 billion, a P/E ratio of 19.25 and a beta of 2.38. The stock has a 50-day simple moving average of $25.85 and a 200-day simple moving average of $26.10.

Analyst Ratings Changes

Several equities analysts have issued reports on OII shares. Benchmark reiterated a “buy” rating and set a $34.00 target price on shares of Oceaneering International in a research report on Friday, October 25th. Citigroup lowered Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Friday, January 10th. Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Barclays raised Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $22.00 to $26.00 in a research report on Wednesday, December 18th. Finally, TD Cowen lifted their price target on Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.25.

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.