Jefferies Cuts Price Target on Oceaneering (OII) to $27; Reiterates Hold
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Oceaneering Reports Second Quarter 2016 Results
July 21, 2016 5:02 PM EDTHOUSTON, July 21, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) today reported net income of $22.3 million, or $0.23 per share, on revenue of $626 million for the three months ended June 30, 2016. Excluding the impacts of a total of $7.0 million of bad debt expense and foreign currency exchange losses, adjusted net income was $26.8 million, or $0.27 per share. Â
During the prior quarter ended March 31, 2016, Oceaneering reported net income of $25.1 million, or $0.26 per share, on revenue of $608 million. Those results included $5.9 million of pre-tax foreign currency losses, reported in other income and expenses.
The... More
Oceaneering Declares Quarterly Dividend
July 21, 2016 5:01 PM EDTHOUSTON, July 21, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) announced today that its Board of Directors declared a regular quarterly dividend of $0.27 per common share. The dividend is payable September 16, 2016 to shareholders of record at the close of business on August 26,... More
