Wall Street brokerages predict that Oil States International, Inc. (NYSE:OIS) will report ($0.22) earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Oil States International’s earnings. The highest EPS estimate is ($0.17) and the lowest is ($0.26). Oil States International reported earnings per share of ($0.20) during the same quarter last year, which suggests a negative year-over-year growth rate of 10%. The business is expected to issue its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that Oil States International will report full year earnings of ($1.07) per share for the current fiscal year, with EPS estimates ranging from ($1.13) to ($0.96). For the next year, analysts anticipate that the company will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.65) to $0.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Oil States International.
Oil States International (NYSE:OIS) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.02). Oil States International had a negative return on equity of 4.62% and a negative net margin of 8.77%. The firm had revenue of $164.00 million for the quarter, compared to the consensus estimate of $166.94 million. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Loop Capital reduced their target price on shares of Oil States International from $44.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, August 1st. BidaskClub lowered shares of Oil States International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. BMO Capital Markets reduced their target price on shares of Oil States International from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, November 9th. Finally, Cowen and Company reduced their target price on shares of Oil States International from $30.00 to $24.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $30.00.
Shares of Oil States International (NYSE OIS) traded up $0.40 during mid-day trading on Friday, hitting $22.25. 448,648 shares of the stock were exchanged, compared to its average volume of 693,643. Oil States International has a 12 month low of $20.23 and a 12 month high of $41.75. The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02.
A number of hedge funds and other institutional investors have recently made changes to their positions in OIS. Earnest Partners LLC acquired a new position in Oil States International in the second quarter valued at approximately $53,922,000. Rice Hall James & Associates LLC increased its stake in Oil States International by 452.3% in the third quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock valued at $16,623,000 after purchasing an additional 537,017 shares in the last quarter. New York State Common Retirement Fund increased its stake in Oil States International by 209.7% in the second quarter. New York State Common Retirement Fund now owns 678,765 shares of the oil and gas company’s stock valued at $18,428,000 after purchasing an additional 459,598 shares in the last quarter. Hancock Holding Co. bought a new stake in Oil States International in the second quarter valued at approximately $6,944,000. Finally, Van ECK Associates Corp increased its stake in Oil States International by 18.1% in the third quarter. Van ECK Associates Corp now owns 546,072 shares of the oil and gas company’s stock valued at $13,843,000 after purchasing an additional 83,781 shares in the last quarter.
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About Oil States International
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.
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