Oceaneering International (OII) to Release Quarterly Earnings on Wednesday

Oceaneering International (NYSE:OII) is projected to post its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Oceaneering International to post earnings of $0.39 per share and revenue of $681.60 million for the quarter.

Oceaneering International Stock Down 3.1 %

OII stock opened at $24.91 on Thursday. Oceaneering International has a 1-year low of $19.68 and a 1-year high of $30.98. The business’s 50 day simple moving average is $25.97 and its 200 day simple moving average is $26.20. 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 has a market capitalization of $2.52 billion, a PE ratio of 18.87 and a beta of 2.38.

Wall Street Analysts Forecast Growth

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