Zacks Research Has Bullish Forecast for OII Q1 Earnings

Oceaneering International, Inc. (NYSE:OII) – Stock analysts at Zacks Research lifted their Q1 2027 earnings per share (EPS) estimates for shares of Oceaneering International in a research report issued to clients and investors on Wednesday, November 12th. Zacks Research analyst Team now expects that the oil and gas company will post earnings of $0.36 per share for the quarter, up from their previous forecast of $0.24. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Oceaneering International’s current full-year earnings is $1.78 per share. Zacks Research also issued estimates for Oceaneering International’s Q2 2027 earnings at $0.39 EPS and Q3 2027 earnings at $0.43 EPS.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.13. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. The business had revenue of $742.90 million for the quarter, compared to analyst estimates of $709.48 million. During the same period in the prior year, the firm posted $0.36 EPS. The company’s revenue was up 9.3% on a year-over-year basis.

Several other brokerages have also recently issued reports on OII. Barclays boosted their price objective on shares of Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Oceaneering International in a research note on Tuesday. TD Cowen raised their price objective on Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 3rd. Finally, Citigroup boosted their target price on Oceaneering International from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Oceaneering International has an average rating of “Hold” and an average price target of $25.00.

Oceaneering International Trading Up 3.5%

OII stock traded up $0.82 on Friday, hitting $24.09. 184,988 shares of the company were exchanged, compared to its average volume of 816,642. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.68. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 10.54 and a beta of 1.55. Oceaneering International has a twelve month low of $15.46 and a twelve month high of $30.98. The business’s fifty day moving average is $23.86 and its two-hundred day moving average is $22.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OII. Bridgeway Capital Management LLC acquired a new stake in Oceaneering International during the 3rd quarter valued at $2,441,000. iSAM Funds UK Ltd purchased a new position in Oceaneering International in the 3rd quarter valued at about $468,000. Pathstone Holdings LLC boosted its position in Oceaneering International by 5.2% in the 3rd quarter. Pathstone Holdings LLC now owns 66,186 shares of the oil and gas company’s stock valued at $1,640,000 after buying an additional 3,293 shares during the last quarter. Sei Investments Co. grew its stake in shares of Oceaneering International by 1.4% during the third quarter. Sei Investments Co. now owns 466,125 shares of the oil and gas company’s stock valued at $11,551,000 after acquiring an additional 6,392 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Oceaneering International by 481.7% during the third quarter. BNP Paribas Financial Markets now owns 165,387 shares of the oil and gas company’s stock worth $4,098,000 after acquiring an additional 136,957 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oceaneering International news, CFO Alan R. Curtis sold 14,840 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $24.36, for a total value of $361,502.40. Following the completion of the sale, the chief financial officer owned 155,259 shares of the company’s stock, valued at $3,782,109.24. This trade represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Oceaneering International Company Profile

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.