Q4 2018 Earnings Forecast for Oceaneering International Issued By Capital One Financial (NYSE:OII)

Oceaneering International (NYSE:OII) – Analysts at Capital One Financial reduced their Q4 2018 earnings estimates for shares of Oceaneering International in a research note issued to investors on Wednesday, December 26th, Zacks Investment Research reports. Capital One Financial analyst L. Lemoine now forecasts that the oil and gas company will post earnings per share of ($0.23) for the quarter, down from their previous estimate of ($0.22). Capital One Financial has a “Hold” rating and a $13.00 price target on the stock. Capital One Financial also issued estimates for Oceaneering International’s Q1 2019 earnings at ($0.20) EPS, Q2 2019 earnings at ($0.16) EPS, Q3 2019 earnings at ($0.14) EPS, Q4 2019 earnings at ($0.20) EPS, FY2019 earnings at ($0.71) EPS and FY2020 earnings at ($0.52) EPS.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. Oceaneering International had a negative return on equity of 5.33% and a net margin of 1.34%. The business had revenue of $519.30 million for the quarter, compared to the consensus estimate of $492.15 million.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. ValuEngine downgraded Ocean....

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