What is Zacks Research’s Forecast for OII FY2024 Earnings?

Oceaneering International, Inc. (NYSE:OII) – Equities researchers at Zacks Research increased their FY2024 earnings estimates for Oceaneering International in a note issued to investors on Thursday, January 23rd. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will post earnings per share of $1.27 for the year, up from their prior estimate of $1.26. The consensus estimate for Oceaneering International’s current full-year earnings is $1.37 per share. Zacks Research also issued estimates for Oceaneering International’s Q4 2024 earnings at $0.49 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.68 EPS, Q3 2026 earnings at $0.43 EPS and Q4 2026 earnings at $0.42 EPS.

Other equities analysts have also issued research reports about the company. Pickering Energy Partners lowered Oceaneering International from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 14th. Benchmark restated a “buy” rating and set a $34.00 price target on shares of Oceaneering International in a research note on Friday, October 25th. Barclays upgraded Oceaneering International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $22.00 to $26.00 in a research note on Wednesday, December 18th. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, January 10th. Finally, TD Cowen upped their price target 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.25.

Oceaneering International Trading Down 0.1 %

NYSE OII opened at $26.42 on Monday. The firm’s fifty day moving average price is $27.03 and its 200 day moving average price is $26.32. Oceaneering International has a 12 month low of $19.68 and a 12 month high of $30.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.46. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 20.01 and a beta of 2.41.

Hedge Funds Weigh In On Oceaneering International

A number of large investors have recently bought and sold shares of OII. Congress Asset Management Co. acquired a new stake in Oceaneering International in the third quarter valued at $38,819,000. Beacon Harbor Wealth Advisors Inc. purchased a new stake in Oceaneering International during the third quarter worth about $6,106,000. Loomis Sayles & Co. L P grew its position in Oceaneering International by 12.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,838,772 shares of the oil and gas company’s stock worth $45,730,000 after buying an additional 206,458 shares during the period. Barclays PLC increased its holdings in Oceaneering International by 334.5% in the third quarter. Barclays PLC now owns 180,470 shares of the oil and gas company’s stock valued at $4,489,000 after buying an additional 138,931 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Oceaneering International by 667.7% during the 2nd quarter. AQR Capital Management LLC now owns 137,911 shares of the oil and gas company’s stock valued at $3,263,000 after acquiring an additional 119,946 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

About Oceaneering International

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.