Oceaneering International, Inc. (NYSE:OII – Free Report) – Research analysts at Zacks Research lifted their FY2024 earnings estimates for shares of Oceaneering International in a research report issued to clients and investors on Thursday, January 23rd. Zacks Research analyst N. Choudhury now expects that the oil and gas company will earn $1.27 per share for the year, up from their previous forecast of $1.26. The consensus estimate for Oceaneering International’s current full-year earnings is $1.37 per share. Zacks Research also issued estimates for Oceaneering International’s Q4 2024 earnings at $0.49 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.68 EPS, Q3 2026 earnings at $0.43 EPS and Q4 2026 earnings at $0.42 EPS.
A number of other research firms have also issued reports on OII. TD Cowen raised their target price on Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Citigroup downgraded shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Friday, January 10th. Benchmark restated a “buy” rating and issued a $34.00 price target on shares of Oceaneering International in a research report on Friday, October 25th. Pickering Energy Partners lowered shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Finally, Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.25.
Oceaneering International Stock Performance
NYSE:OII opened at $25.43 on Monday. The firm has a market capitalization of $2.57 billion, a PE ratio of 19.27 and a beta of 2.41. Oceaneering International has a 1 year low of $19.68 and a 1 year high of $30.98. The company has a current ratio of 1.76, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $26.95 and its 200 day simple moving average is $26.33.
Institutional Trading of Oceaneering International
Large investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new position in Oceaneering International in the fourth quarter valued at about $40,000. Farther Finance Advisors LLC increased its holdings in shares of Oceaneering International by 3,594.3% in the third quarter. Farther Finance Advisors LLC now owns 1,958 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,905 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in Oceaneering International during the 3rd quarter worth $57,000. GAMMA Investing LLC increased its position in Oceaneering International by 108.3% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 1,412 shares during the period. Finally, KBC Group NV raised its holdings in Oceaneering International by 72.6% during the 4th quarter. KBC Group NV now owns 5,210 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 2,192 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.
Oceaneering International Company Profile
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.
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