Oceaneering International (NYSE:OII) Posts Earnings Results, Beats Expectations By $0.17 EPS

Oceaneering International (NYSE:OII) issued its quarterly earnings results on Wednesday. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17, FiscalAI reports. Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share.

Oceaneering International Stock Performance

OII traded up $0.35 during trading on Wednesday, reaching $45.00. 1,314,659 shares of the company were exchanged, compared to its average volume of 1,168,550. Oceaneering International has a 52 week low of $20.79 and a 52 week high of $45.91. The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $39.19 and a 200 day moving average of $35.57. The stock has a market cap of $4.49 billion, a P/E ratio of 13.35 and a beta of 1.15.

Key Stories Impacting Oceaneering International

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

• Positive Sentiment: Oceaneering reported Q2 revenue of $768.2 million, up 10% year over year and above Wall Street estimates, signaling healthy demand across its business. Oceaneering Reports Second Quarter 2026 Results
• Positive Sentiment: Diluted EPS came in at $0.65, well ahead of the $0.46 consensus estimate, while net income rose 16.8% to $63.6 million, reinforcing the earnings beat. Oceaneering reports bullish Q2 CY2026
• Positive Sentiment: Management also appears to have improved profitability, with gross profit and operating profit both increasing, which suggests stronger margins rather than just top-line growth. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings
• Neutral Sentiment: Cash and cash equivalents increased to $607.5 million, giving the company a solid liquidity position, while debt levels remained manageable overall. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings
• Neutral Sentiment: Analyst sentiment remains cautious overall, with a consensus rating of “Hold” and recent price targets clustered below the current share price. Oceaneering International, Inc. Receives Consensus Rating of Hold from Analysts
• Negative Sentiment: Recent insider trading has skewed toward sales rather than purchases, which may temper some of the optimism around the earnings beat. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings

Insider Transactions at Oceaneering International

In other news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the transaction, the chief executive officer owned 397,279 shares of the company’s stock, valued at approximately $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Oceaneering International

Large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in Oceaneering International during the 3rd quarter worth $28,000. Quarry LP acquired a new position in shares of Oceaneering International during the third quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake in shares of Oceaneering International by 335.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Oceaneering International by 33.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,995 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 747 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Oceaneering International in the fourth quarter worth about $80,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OII. Barclays raised their price objective on shares of Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Citigroup lifted their target price on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. TD Cowen upped their price target on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. One investment 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 stock presently has an average rating of “Hold” and an average price target of $38.33.

Oceaneering International Company Profile

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.