Oceaneering International (NYSE:OII) Releases Earnings Results, Misses Expectations By $0.05 EPS

Oceaneering International (NYSE:OII) released its quarterly earnings data on Wednesday. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05), FiscalAI reports. The firm had revenue of $692.43 million for the quarter, compared to the consensus estimate of $671.35 million. Oceaneering International had a net margin of 12.71% and a return on equity of 21.58%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share.

Oceaneering International Price Performance

NYSE:OII traded down $1.66 during trading hours on Thursday, reaching $36.81. The company had a trading volume of 204,494 shares, compared to its average volume of 1,244,812. The company has a quick ratio of 1.72, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.67 billion, a PE ratio of 10.52 and a beta of 1.18. The stock has a 50-day moving average of $35.64 and a two-hundred day moving average of $29.12. Oceaneering International has a one year low of $16.83 and a one year high of $39.49.

Insider Activity at Oceaneering International

In other news, SVP Earl Childress sold 22,518 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $842,398.38. Following the sale, the senior vice president owned 35,577 shares in the company, valued at approximately $1,330,935.57. This represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher J. Dyer sold 6,000 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $38.08, for a total value of $228,480.00. Following the sale, the senior vice president owned 15,902 shares in the company, valued at $605,548.16. The trade was a 27.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 111,689 shares of company stock valued at $4,204,360. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Oceaneering International

Large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International during the third quarter worth $28,000. Quarry LP bought a new stake in shares of Oceaneering International during the third quarter worth $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Oceaneering International by 335.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 1,111 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Oceaneering International by 33.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 747 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Oceaneering International during the fourth quarter valued at $80,000. Institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OII. Zacks Research cut Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Citigroup boosted their price objective on Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Wall Street Zen cut Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Barclays boosted their price objective on Oceaneering International from $23.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Finally, TD Cowen boosted their price objective on Oceaneering International from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.67.

Trending Headlines about Oceaneering International

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Revenue beat/solid top line: Q1 revenue was roughly $692M, a small year-over-year increase and above several analyst estimates, which supports the view of continued demand in Oceaneering’s end markets. Read More.
• Positive Sentiment: Strong liquidity position: reported cash and cash equivalents rose materially year-over-year (Quiver cites roughly $689M), giving the company flexibility to fund operations and investments. Read More.
• Neutral Sentiment: Pre-release coverage/expectations: multiple previews and watches framed the print as one to watch, so some of the move reflects positioning and headline reading rather than surprise fundamentals. Read More.
• Negative Sentiment: EPS and margin weakness/mixed beats: several outlets report EPS and profitability declined YoY (operating profit, gross profit and net income down), and at least one widely followed summary said EPS missed consensus (MarketBeat reports $0.30 vs. $0.35 est.). That decline in margins is a primary reason for the negative reaction. Read More.
• Negative Sentiment: Stock sold off despite revenue beat: coverage notes revenue topped estimates but the stock still fell—investors focused on lower profits, weak operating cash flow dynamics, and guidance/forward concerns. Read More.
• Negative Sentiment: Operational cash-flow and insider selling signals: Quiver flags a sharp drop in operating cash flow year-over-year and notable insider selling activity over recent months, which can amplify downside pressure on sentiment. Read More.
• Negative Sentiment: Analyst targets and valuation context: recent analyst targets (median around $32 in some compilations) sit below the current share price, leaving limited upside in the near term unless guidance or margins improve. Read More.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.