Oceaneering International (NYSE:OII) Shares Gap Down After Earnings Miss

Posted by Stanley Muller on Oct 22nd, 2026

Shares of Oceaneering International, Inc. (NYSE:OII – Get Free Report) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $44.09, but opened at $39.43. Oceaneering International shares last traded at $37.2130, with a volume of 181,709 shares.

The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The firm had revenue of $784.55 million during the quarter, compared to analysts’ expectations of $775.93 million. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%. Oceaneering International’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Barclays boosted their target price on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Citigroup increased their price target on shares of Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings cut shares of Oceaneering International from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Finally, Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Oceaneering International has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Read Our Latest Research Report on Oceaneering International

Insider Activity

In related news, Director M. McEvoy sold 3,000 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.92, for a total transaction of $143,760.00. Following the completion of the sale, the director directly owned 134,133 shares in the company, valued at $6,427,653.36. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Christopher J. Dyer sold 1,200 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.65, for a total transaction of $57,180.00. Following the sale, the senior vice president directly owned 14,702 shares of the company’s stock, valued at $700,550.30. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 32,901 shares of company stock valued at $1,542,864. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Oceaneering International

Hedge funds have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Oceaneering International during the third quarter valued at about $26,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Oceaneering International during the second quarter worth about $35,000. Allworth Financial LP purchased a new stake in shares of Oceaneering International during the second quarter worth about $42,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Oceaneering International in the first quarter worth about $53,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Oceaneering International in the second quarter worth about $54,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Stock Down 15.3%

The company has a market capitalization of $3.72 billion, a P/E ratio of 10.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. The company has a 50 day moving average of $47.89 and a 200-day moving average of $42.99.

Oceaneering International Company Profile

(Get Free Report)

Oceaneering International, Inc is a Houston-based global engineering and technology company that provides services, equipment and applied technologies for the energy, defense, aerospace and industrial markets. The company is best known for its subsea capabilities, including remotely operated vehicles, subsea engineering, inspection, maintenance, repair and installation services, and specialized products used in offshore oil and gas operations.

Oceaneering also develops advanced technologies for government and commercial customers.