Goldman Sachs Downgrades Oceaneering Intl (OII) to Neutral
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Go back to Goldman Sachs Downgrades Oceaneering Intl (OII) to Neutral
October 27, 2017 8:13 AM EDT
Jefferies lowered its price target on Oceaneering Intl (NYSE: OII) to $18.00 (from $25.00) while maintaining a Hold rating.
Jefferies lowered 2018 and 2019 EPS estimates to ($0.55) and ($0.10) from $0.15 and $0.85, respectively. The two biggest segments influencing this large downward revision are ROVs, and Subsea Products.
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October 27, 2017 5:36 AM EDT
Piper Jaffray downgraded Oceaneering Intl (NYSE: OII) from Overweight to Neutral with a price target of $20.25 (from $28.00).
For an analyst ratings summary and ratings history on Oceaneering Intl click here. For more ratings news on Oceaneering Intl click here.
Shares of Oceaneering Intl closed at $19.34 yesterday.
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October 25, 2017 5:03 PM EDT
Oceaneering (NYSE: OII) reported Q3 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $476 million versus the consensus estimate of $508.66 million.
For earnings history and earnings-related data on Oceaneering (OII) click here.
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