Research Analysts Set Expectations for Oceaneering International’s Q1 2019 Earnings (OII)

Oceaneering International (NYSE:OII) – Equities research analysts at Piper Jaffray Companies cut their Q1 2019 earnings per share estimates for shares of Oceaneering International in a report released on Wednesday, January 16th, Zacks Investment Research reports. Piper Jaffray Companies analyst I. Macpherson now anticipates that the oil and gas company will earn ($0.17) per share for the quarter, down from their prior forecast of ($0.16). Piper Jaffray Companies also issued estimates for Oceaneering International’s Q2 2019 earnings at ($0.14) EPS, Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.10) EPS, FY2019 earnings at ($0.48) EPS, FY2020 earnings at ($0.08) EPS and FY2021 earnings at $0.41 EPS.

Several other equities analysts have also recently issued reports on the stock. Societe Generale upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Friday, October 12th. Royal Bank of Canada set a $27.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a research report on Friday, October 26th. TheStreet cut shares of Oceaneering International from a “c-” rating to a “d+” rating in a research report on Tuesday, November 20th. Citigroup set a $21.00 price target on shares of Oceaneering International and gave the company a “hold” rating in a research report on Monday, November 12th. Finally, Wells Fargo & Co reiterated a “ho....

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