Oceaneering International (NYSE:OII) – Analysts at Piper Jaffray Companies issued their Q1 2021 earnings per share estimates for Oceaneering International in a research report issued on Monday, November 4th. Piper Jaffray Companies analyst I. Macpherson expects that the oil and gas company will earn ($0.02) per share for the quarter. Piper Jaffray Companies also issued estimates for Oceaneering International’s Q2 2021 earnings at $0.01 EPS, Q3 2021 earnings at $0.04 EPS and FY2021 earnings at $0.07 EPS.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.08). Oceaneering International had a negative net margin of 7.55% and a negative return on equity of 5.69%. The firm had revenue of $497.65 million during the quarter, compared to the consensus estimate of $527.81 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. The company’s revenue was down 4.2% on a year-over-year basis.
Several other equities research analysts have also recently weighed in on OII. Royal Bank of Canada set a $20.00 price target on Oceaneering International and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup decreased their price target on Oceaneering International from $22.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.20.
Shares of Oceaneering International stock opened at $14.40 on Wednesday. The stock’s 50-day simple moving average is $13.78 and its 200 day simple moving average is $15.88. Oceaneering International has a 52-week low of $10.74 and a 52-week high of $21.29. The stock has a market capitalization of $1.43 billion, a P/E ratio of -20.28 and a beta of 2.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.01 and a current ratio of 2.29.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Great Lakes Advisors LLC bought a new stake in shares of Oceaneering International during the third quarter valued at about $6,415,000. BBVA USA Bancshares Inc. increased its position in shares of Oceaneering International by 22.5% in the third quarter. BBVA USA Bancshares Inc. now owns 15,858 shares of the oil and gas company’s stock worth $215,000 after purchasing an additional 2,916 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Oceaneering International by 100.4% in the third quarter. SG Americas Securities LLC now owns 50,256 shares of the oil and gas company’s stock worth $681,000 after purchasing an additional 25,183 shares during the last quarter. Tibra Equities Europe Ltd bought a new position in shares of Oceaneering International in the third quarter worth approximately $356,000. Finally, Gabelli Funds LLC increased its position in shares of Oceaneering International by 2.1% in the third quarter. Gabelli Funds LLC now owns 245,600 shares of the oil and gas company’s stock worth $3,328,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.
About Oceaneering International
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
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