$0.03 EPS Expected for Oceaneering International (OII)

October 13, 2017 - By Vivian Park

 $0.03 EPS Expected for Oceaneering International (OII)
Investors sentiment increased to 1.18 in Q2 2017. Its up 0.29, from 0.89 in 2017Q1. It is positive, as 30 investors sold Oceaneering International shares while 80 reduced holdings. 35 funds opened positions while 95 raised stakes. 95.90 million shares or 1.52% more from 94.46 million shares in 2017Q1 were reported.
Da Davidson And has invested 0% in Oceaneering International (NYSE:OII). Bbva Compass State Bank Incorporated reported 0.01% of its portfolio in Oceaneering International (NYSE:OII). Balyasny Asset Ltd Llc holds 843,843 shares. Vident Investment Advisory Llc invested in 579,631 shares or 1.1% of the stock. Moreover, First Bankshares Of Omaha has 0.11% invested in Oceaneering International (NYSE:OII) for 35,000 shares. Hbk L P invested in 0% or 19,800 shares. Foundry Prtnrs Limited Liability Com reported 17,500 shares or 0.02% of all its holdings. 17,982 are owned by Utah Retirement Systems. First Mercantile has invested 0.01% in Oceaneering International (NYSE:OII). Suntrust Banks stated it has 86,175 shares. Sg Americas Secs holds 0.01% of its portfolio in Oceaneering International (NYSE:OII) for 43,819 shares. Schwab Charles Investment holds 0.01% or 456,564 shares in its portfolio. 310,557 are held by Nikko Asset Mngmt Americas Inc. Stevens Capital Mngmt Ltd Partnership invested in 0.05% or 55,183 shares. Tcw Grp invested 0% in Oceaneering International (NYSE:OII).

Since May 26, 2017, it had 1 insider buy, and 0 sales for $24,763 activity.

Wall Street await Oceaneering International (NYSE:OII) to release earnings on October, 26. Analysts forecast earnings per share of $0.03, down exactly $0.14 or 82.35 % from 2014’s $0.17 EPS. The expected OII’s profit could reach $2.96M giving the stock 211.17 P/E in the case that $0.03 earnings per share is reported. After posting $0.02 EPS for the previous quarter, Oceaneering International’s analysts now forecast 50.00 % EPS growth. The stock decreased 0.31% or $0.08 during the last trading session, reaching $25.34. About 943,841 shares traded. Oceaneering International (NYSE:OII) has declined 15.63% since October 13, 2016 and is downtrending. It has underperformed by 32.33% the S&P500.

Oceaneering International (NYSE:OII) Ratings Coverage

Among 24 analysts covering Oceaneering International (NYSE:OII), 7 have Buy rating, 2 Sell and 15 Hold. Therefore 29% are positive. Oceaneering International had 53 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Oceaneering International (NYSE:OII) earned “Peer Perform” rating by Wolfe Research on Thursday, December 8. Goldman Sachs upgraded it to “Buy” rating and $40.50 target in Friday, March 11 report. The firm has “Hold” rating by Tudor Pickering given on Friday, March 24. RBC Capital Markets upgraded it to “Sector Perform” rating and $36 target in Friday, May 20 report. Piper Jaffray maintained Oceaneering International (NYSE:OII) rating on Friday, July 28. Piper Jaffray has “Buy” rating and $2600 target. As per Monday, June 19, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Wednesday, January 18 by SunTrust. RBC Capital Markets maintained it with “Sector Perform” rating and $28 target in Thursday, September 15 report. Citigroup initiated the shares of OII in report on Tuesday, September 27 with “Neutral” rating. The stock of Oceaneering International (NYSE:OII) has “Hold” rating given on Wednesday, June 29 by Evercore.

Oceaneering International, Inc. is an oilfield well-known provider of engineered services and products, primarily to the offshore gas and oil industry, with a focus on deepwater applications. The company has market cap of $2.50 billion. The Company’s business divisions are contained within two businesses: services and products provided to the gas and oil industry and all other services and products (Advanced Technologies). It currently has negative earnings. The Company’s four business divisions within the Oilfield business are Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity.

Another recent and important Oceaneering International (NYSE:OII) news was published by Prnewswire.com which published an article titled: “Oceaneering Announces Third Quarter 2017 Earnings Release and Conference Call …” on October 03, 2017.

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