Oceaneering International reported Q3 EPS below consensus estimate, causing a stock gap down.

Oceaneering International reported Q3 EPS of $0.19 vs. consensus estimate $0.23, causing a stock gap down. Revenue beat estimates at $654.6M, but net margin was 3.30% and ROE 12.30%. StockNews downgraded to "hold", Barclays raised price target to $23. Institutional investors adjusted holdings, and the company provides services to offshore energy, defense, aerospace, and more.

February 23, 2024
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