$0.03 EPS Expected for Oceaneering International (OII)

October 25, 2017 - By Darrin Black


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.
15,771 were reported by Lucus Advsr Ltd Liability Corporation. Stevens Mgmt Limited Partnership accumulated 55,183 shares or 0.05% of the stock. Alpha Windward Llc holds 16,620 shares. Engineers Gate Manager L P accumulated 21,664 shares or 0.04% of the stock. 82,912 were accumulated by Cornerstone Cap Mngmt Holdg. Gillespie Robinson Grimm holds 13,510 shares or 0.04% of its portfolio. Eagle Boston Investment Management reported 192,609 shares. Swiss State Bank accumulated 164,448 shares or 0% of the stock. Walleye Trading Limited Liability owns 3,676 shares. Madison Incorporated reported 557,709 shares. Schwab Charles Inv has 456,564 shares for 0.01% of their portfolio. Eagle Asset, a Florida-based fund reported 554,390 shares. Great Lakes Advsrs Lc holds 0.06% or 113,792 shares in its portfolio. Lazard Asset Mgmt Ltd Liability accumulated 2.23 million shares. Afam Cap has 0.32% invested in Oceaneering International (NYSE:OII) for 108,403 shares.

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

Analysts expect Oceaneering International (NYSE:OII) to report $0.03 EPS on October, 26.They anticipate $0.14 EPS change or 82.35 % from last quarter’s $0.17 EPS. OII’s profit would be $2.96 million giving it 196.25 P/E if the $0.03 EPS is correct. After having $0.02 EPS previously, Oceaneering International’s analysts see 50.00 % EPS growth. About 1.49M shares traded or 40.57% up from the average. Oceaneering International (NYSE:OII) has declined 15.63% since October 26, 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 rating was upgraded by RBC Capital Markets to “Sector Perform” on Friday, May 20. The stock of Oceaneering International (NYSE:OII) earned “Hold” rating by Jefferies on Thursday, July 20. The company was maintained on Thursday, March 23 by Scotia Capital. Jefferies maintained Oceaneering International (NYSE:OII) on Monday, July 11 with “Hold” rating. The company was maintained on Friday, August 4 by Cowen & Co. The stock of Oceaneering International (NYSE:OII) has “Peer Perform” rating given on Thursday, December 8 by Wolfe Research. The company was initiated on Tuesday, September 27 by Citigroup. Guggenheim upgraded the stock to “Buy” rating in Monday, November 30 report. The firm has “Hold” rating given on Friday, October 6 by Cowen & Co. On Friday, February 12 the stock rating was maintained by Cowen & Co with “Market Perform”.

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 $2.32 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.

More recent Oceaneering International (NYSE:OII) news were published by: Twst.com which released: “Oceaneering International Inc.: Oceaneering Reports Third Quarter 2017 Results” on October 25, 2017. Also Nasdaq.com published the news titled: “Oceaneering International Inc. Q3 Earnings Decline 85%” on October 25, 2017. Nasdaq.com‘s news article titled: “Oceaneering International Becomes Oversold (OII)” with publication date: October 19, 2017 was also an interesting one.

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