Oceaneering International (NYSE:OII) Shares Gap Up After Earnings Beat

2025-04-26T05:15:01Z

Shares of Oceaneering International, Inc. (NYSE:OII – Get Free Report) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $17.27, but opened at $18.58. Oceaneering International sh…

The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The business had revenue of $674.52 million during the quarter, compared to analyst estimates of $651.96 million.

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Analysts Set New Price Targets

OII has been the topic of a number of recent analyst reports. Pickering Energy Partners raised shares of Oceaneering International from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 2nd. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Barclays dropped their price target on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. TD Cowen raised their price objective on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Citigroup downgraded Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new position in Oceaneering International during the 4th quarter worth about $531,000. Old West Investment Management LLC acquired a new position in shares of Oceaneering International in the fourth quarter valued at about $1,565,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Oceaneering International by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,298,658 shares of the oil and gas company’s stock worth $33,869,000 after purchasing an additional 58,081 shares in the last quarter. Barclays PLC raised its position in Oceaneering International by 334.5% during the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after purchasing an additional 138,931 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Oceaneering International by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 527,149 shares of the oil and gas company’s stock worth $13,748,000 after acquiring an additional 16,269 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Oceaneering International Trading Down 0.5 %

The business’s 50 day simple moving average is $19.87 and its two-hundred day simple moving average is $24.11. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.80 billion, a P/E ratio of 12.38 and a beta of 1.94.

About Oceaneering International

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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.