Oceaneering International (NYSE:OII) Releases Earnings Results

Oceaneering International (NYSE:OII) issued its earnings results on Wednesday. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08), Briefing.com reports. The company had revenue of $679.81 million during the quarter, compared to analyst estimates of $693.69 million. Oceaneering International had a return on equity of 15.78% and a net margin of 4.87%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share.

Oceaneering International Trading Up 3.2 %

NYSE OII traded up $0.80 during trading on Friday, hitting $25.43. The stock had a trading volume of 1,305,312 shares, compared to its average volume of 823,174. The company has a market capitalization of $2.58 billion, a PE ratio of 20.66 and a beta of 2.35. The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average price of $25.31 and a 200 day moving average price of $24.52. Oceaneering International has a twelve month low of $18.67 and a twelve month high of $30.45.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the completion of the transaction, the director now directly owns 141,837 shares of the company’s stock, valued at $3,704,782.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director M Kevin Mcevoy sold 9,675 shares of Oceaneering International stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $26.12, for a total value of $252,711.00. Following the completion of the transaction, the director now owns 141,837 shares in the company, valued at approximately $3,704,782.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen H. Beachy sold 3,300 shares of Oceaneering International stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $22.94, for a total value of $75,702.00. Following the completion of the transaction, the director now owns 28,229 shares of the company’s stock, valued at $647,573.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $585,413 in the last three months. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup raised their price objective on Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Barclays raised their price objective on Oceaneering International from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Finally, Benchmark reissued a “buy” rating and set a $34.00 price objective on shares of Oceaneering International in a research report on Friday.

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.