Oceaneering International (NYSE:OII – Get Rating) issued its quarterly earnings results on Wednesday. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.07), Briefing.com reports. The business had revenue of $524.03 million for the quarter, compared to analysts’ expectations of $521.02 million. Oceaneering International had a positive return on equity of 1.42% and a negative net margin of 3.15%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS.
Oceaneering International Stock Down 12.2 %
Shares of NYSE OII traded down $1.37 during trading hours on Thursday, hitting $9.90. 116,474 shares of the stock were exchanged, compared to its average volume of 1,057,950. The company has a quick ratio of 2.11, a current ratio of 2.46 and a debt-to-equity ratio of 1.40. Oceaneering International has a 12 month low of $8.56 and a 12 month high of $18.20. The company has a market cap of $992.51 million, a PE ratio of -16.98 and a beta of 2.92. The firm has a fifty day moving average price of $11.00 and a 200-day moving average price of $12.98.
In other Oceaneering International news, Director Steven A. Webster bought 25,000 shares of Oceaneering International stock in a transaction dated Thursday, June 23rd. The stock was acquired at an average cost of $8.72 per share, for a total transaction of $218,000.00. Following the completion of the transaction, the director now directly owns 99,208 shares of the company’s stock, valued at $865,093.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.01% of the company’s stock.
Institutional Trading of Oceaneering International
Analyst Ratings Changes
Several analysts have recently commented on the stock. Cowen set a $15.00 price objective on shares of Oceaneering International in a research report on Monday, June 20th. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Piper Sandler lifted their price target on shares of Oceaneering International from $22.50 to $25.00 and gave the company an “overweight” rating in a report on Monday, April 18th.
Oceaneering International Company Profile
Oceaneering International, Inc provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.
- Get a free copy of the StockNews.com research report on Oceaneering International (OII)
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