Oceaneering International (OII) to Release Earnings on Wednesday

Oceaneering International (NYSE:OII) is projected 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 %

Shares of NYSE:OII opened at $25.42 on Monday. Oceaneering International has a 52 week low of $19.68 and a 52 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 cap of $2.57 billion, a PE ratio of 19.25 and a beta of 2.38. The firm has a 50 day simple moving average of $25.88 and a 200 day simple moving average of $26.12.

Analyst Upgrades and Downgrades

OII has been the topic of several analyst reports. TD Cowen increased their price target on shares of Oceaneering International from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Benchmark reiterated a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a research note on Friday, October 25th. Barclays upgraded shares of Oceaneering International from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research note on Friday, January 10th. Finally, Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.25.

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.