Oceaneering International (NYSE:OII) – Equities research analysts at Jefferies Group cut their Q4 2017 EPS estimates for shares of Oceaneering International in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will post earnings per share of ($0.13) for the quarter, down from their prior estimate of ($0.12). Jefferies Group has a “Underperform” rating and a $18.00 price objective on the stock. Jefferies Group also issued estimates for Oceaneering International’s Q1 2018 earnings at ($0.24) EPS, Q3 2018 earnings at ($0.10) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.60) EPS and FY2019 earnings at ($0.15) EPS.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $476.12 million for the quarter, compared to analyst estimates of $511.14 million. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share.
Oceaneering International (NYSE:OII) opened at $22.97 on Monday. The stock has a market cap of $2,260.00, a price-to-earnings ratio of -120.89 and a beta of 1.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.14 and a current ratio of 2.67. Oceaneering International has a 1-year low of $17.11 and a 1-year high of $29.53.
Hedge funds have recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its position in shares of Oceaneering International by 109.1% during the 3rd quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after purchasing an additional 27,684 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Oceaneering International in the 3rd quarter worth about $1,684,000. Personal Capital Advisors Corp raised its holdings in shares of Oceaneering International by 14.4% in the 3rd quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after acquiring an additional 11,818 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Oceaneering International by 76.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 197,692 shares of the oil and gas company’s stock worth $5,193,000 after acquiring an additional 85,357 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Oceaneering International by 10.0% in the 2nd quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock worth $9,635,000 after acquiring an additional 38,535 shares during the last quarter. 99.69% of the stock is currently owned by institutional investors.
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About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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