Oceaneering International (NYSE:OII) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Oceaneering International (NYSE:OII) issued its quarterly earnings results on Wednesday. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.05), FiscalAI reports. Oceaneering International had a return on equity of 19.16% and a net margin of 12.12%.The business had revenue of $692.43 million for the quarter, compared to analyst estimates of $671.35 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year.

Oceaneering International Stock Down 1.1%

Shares of NYSE OII opened at $38.05 on Friday. The stock has a market cap of $3.80 billion, a P/E ratio of 11.29 and a beta of 1.18. The firm has a 50 day moving average price of $35.76 and a 200 day moving average price of $29.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.72 and a current ratio of 1.99. Oceaneering International has a 52-week low of $16.83 and a 52-week high of $40.12.

Insider Activity

In related news, SVP Holly Kriendler sold 19,007 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $37.73, for a total transaction of $717,134.11. Following the completion of the transaction, the senior vice president owned 30,500 shares in the company, valued at approximately $1,150,765. The trade was a 38.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Earl Childress sold 22,518 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $842,398.38. Following the transaction, the senior vice president owned 35,577 shares of the company’s stock, valued at approximately $1,330,935.57. This represents a 38.76% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 111,689 shares of company stock valued at $4,204,360. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tannin Capital LLC bought a new position in Oceaneering International in the fourth quarter valued at approximately $239,000. Corient Private Wealth LLC bought a new position in Oceaneering International in the second quarter valued at approximately $211,000. Commerce Bank bought a new position in Oceaneering International in the fourth quarter valued at approximately $209,000. Cerity Partners LLC bought a new position in Oceaneering International in the second quarter valued at approximately $202,000. Finally, Strs Ohio bought a new position in Oceaneering International in the first quarter valued at approximately $168,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Barclays lifted their price target on shares of Oceaneering International from $23.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Zacks Research cut shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Wall Street Zen cut shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Citigroup lifted their price target on shares of Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.67.

Key Oceaneering International News

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Revenue and segment wins: Q1 revenue of ~ $692M rose ~2.7% year‑over‑year and topped several street estimates; management highlighted new orders and growth in defense/subsea work that support near‑term revenue visibility. Oceaneering Reports First Quarter 2026 Results
• Positive Sentiment: Strong liquidity and government contracts: cash and equivalents increased materially year‑over‑year and the company continues to win government/defense awards, reducing near‑term cash risk. Quiver Quant: OII stock falls on Q1 2026 Earnings
• Neutral Sentiment: Earnings call nuance: management balanced growth commentary with warnings about energy‑segment margin pressure; the call transcript provides detail but no major new guidance shift was announced. Earnings Call Transcript
• Negative Sentiment: Margin compression and lower profitability: gross and operating profit declined versus prior year, operating profit and net income were down, and EPS fell year‑over‑year — investors are focused on margin pain in the energy business. Oceaneering Balances Growth With Margin Strain
• Negative Sentiment: Mixed/weak cash generation and insider selling: operating cash flow swung lower year‑over‑year per filings, and recent insider sales have been noted by data providers — both can weigh on sentiment. Quiver Quant: OII stock falls on Q1 2026 Earnings
• Negative Sentiment: Analyst targets and expectations: several analysts have trimmed targets and the median target in recent data sits below the current price, which can add downward pressure if investors reset expectations. Quiver Quant: OII stock falls on Q1 2026 Earnings (price targets)

About Oceaneering International

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.