Equities analysts expect Oil States International, Inc. (NYSE:OIS) to announce earnings per share (EPS) of ($0.10) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Oil States International’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.09). Oil States International reported earnings of ($0.19) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 47.4%. The firm is scheduled to report its next earnings results on Wednesday, February 12th.
On average, analysts expect that Oil States International will report full year earnings of ($0.56) per share for the current year, with EPS estimates ranging from ($0.60) to ($0.54). For the next financial year, analysts anticipate that the firm will post earnings of $0.03 per share, with EPS estimates ranging from ($0.22) to $0.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Oil States International.
Oil States International (NYSE:OIS) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Oil States International had a negative net margin of 6.70% and a negative return on equity of 2.71%. The firm had revenue of $263.70 million during the quarter, compared to analyst estimates of $266.70 million. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Oil States International’s revenue for the quarter was down 4.0% compared to the same quarter last year.
Several equities analysts recently commented on OIS shares. Raymond James dropped their price target on shares of Oil States International from $25.00 to $23.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 30th. G.Research reaffirmed a “buy” rating on shares of Oil States International in a research report on Monday, October 28th. ValuEngine upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley decreased their price objective on shares of Oil States International from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, Wells Fargo & Co downgraded shares of Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.25.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Earnest Partners LLC grew its stake in Oil States International by 0.7% during the second quarter. Earnest Partners LLC now owns 2,079,679 shares of the oil and gas company’s stock worth $38,058,000 after buying an additional 14,123 shares during the period. Bank of New York Mellon Corp grew its stake in Oil States International by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 961,883 shares of the oil and gas company’s stock worth $17,603,000 after buying an additional 84,471 shares during the period. Wedge Capital Management L L P NC grew its stake in Oil States International by 1.9% during the third quarter. Wedge Capital Management L L P NC now owns 581,157 shares of the oil and gas company’s stock worth $7,729,000 after buying an additional 11,012 shares during the period. Van ECK Associates Corp grew its stake in Oil States International by 25.0% during the second quarter. Van ECK Associates Corp now owns 578,005 shares of the oil and gas company’s stock worth $10,577,000 after buying an additional 115,567 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in Oil States International by 17.9% during the second quarter. Parametric Portfolio Associates LLC now owns 267,935 shares of the oil and gas company’s stock worth $4,903,000 after buying an additional 40,585 shares during the period.
OIS stock traded up $0.18 on Tuesday, hitting $16.47. 365,943 shares of the company were exchanged, compared to its average volume of 611,122. Oil States International has a twelve month low of $11.73 and a twelve month high of $24.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.48 and a quick ratio of 1.42. The business’s fifty day moving average is $13.74 and its two-hundred day moving average is $15.48. The stock has a market capitalization of $989.22 million, a price-to-earnings ratio of -137.25 and a beta of 2.29.
Oil States International Company Profile
Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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