Q1 2017 EPS Estimates for Oceaneering International, Inc. (OII) Decreased by Analyst

Oceaneering International, Inc. (NYSE:OII) – Equities research analysts at Capital One Financial Corporation cut their Q1 2017 earnings per share (EPS) estimates for Oceaneering International in a note issued to investors on Thursday. Capital One Financial Corporation analyst J. Gibney now anticipates that the brokerage will earn ($0.08) per share for the quarter, down from their previous estimate of ($0.01). Capital One Financial Corporation currently has a “Overweight” rating on the stock. Capital One Financial Corporation also issued estimates for Oceaneering International’s Q2 2017 earnings at ($0.09) EPS, Q3 2017 earnings at ($0.03) EPS, Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.30) EPS and FY2018 earnings at $0.03 EPS.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Oceaneering International had a net margin of 1.08% and a return on equity of 4.76%. The firm earned $488 million during the quarter, compared to analyst estimates of $504.37 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The business’s revenue for the quarter was down 32.4% compared to the same quarter last year.

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Earnings History and Estimates for Oceaneering International (NYSE:OII)

A number of other equities research analysts also recently weighed in on OII. Wells Fargo & Company started coverage on Oceaneering International in a research report on Tuesday, October 18th. They set a “market perform” rating on the stock. Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. TheStreet downgraded Oceaneering International from a “hold” rating to a “sell” rating in a report on Tuesday, November 29th. Seaport Global Securities downgraded Oceaneering International from an “accumulate” rating to a “neutral” rating and lowered their price target for the stock from $29.00 to $27.00 in a report on Thursday, December 1st. Finally, Wolfe Research raised Oceaneering International from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 7th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Oceaneering International currently has a consensus rating of “Hold” and an average target price of $31.81.

Oceaneering International (NYSE:OII) opened at 28.18 on Monday. The company has a market capitalization of $2.76 billion, a P/E ratio of 112.72 and a beta of 1.65. Oceaneering International has a 52 week low of $22.47 and a 52 week high of $36.92. The company’s 50 day moving average price is $27.89 and its 200-day moving average price is $27.10.

Hedge funds have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. raised its stake in shares of Oceaneering International by 7.0% in the second quarter. First Citizens Bank & Trust Co. now owns 8,263 shares of the company’s stock worth $247,000 after buying an additional 541 shares in the last quarter. Airain ltd purchased a new stake in shares of Oceaneering International during the second quarter worth about $6,039,000. Prudential Financial Inc. raised its stake in shares of Oceaneering International by 0.8% in the second quarter. Prudential Financial Inc. now owns 103,087 shares of the company’s stock worth $3,078,000 after buying an additional 851 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Oceaneering International by 18.0% in the second quarter. Ameritas Investment Partners Inc. now owns 40,605 shares of the company’s stock worth $1,212,000 after buying an additional 6,198 shares in the last quarter. Finally, BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Oceaneering International during the second quarter worth about $1,396,000. Institutional investors and hedge funds own 99.96% of the company’s stock.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, February 22nd. Oceaneering International’s dividend payout ratio (DPR) is presently 230.78%.

About Oceaneering International

Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).

5 Day Chart for NYSE:OII

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