Oil States International, Inc. (NYSE:OIS) – Stock analysts at Piper Jaffray Companies raised their FY2018 earnings per share estimates for Oil States International in a research note issued on Monday, June 25th. Piper Jaffray Companies analyst I. Macpherson now anticipates that the oil and gas company will post earnings per share of $0.24 for the year, up from their previous estimate of $0.21.
OIS has been the subject of several other reports. TheStreet upgraded shares of Oil States International from a “d+” rating to a “c-” rating in a research report on Monday, April 30th. Zacks Investment Research upgraded shares of Oil States International from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Thursday, April 19th. ValuEngine cut shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Wells Fargo & Co cut shares of Oil States International from an “outperform” rating to a “market perform” rating in a report on Monday, April 30th. Finally, Cowen raised their price target on shares of Oil States International from $25.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, April 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.73.
OIS opened at $32.25 on Thursday. Oil States International has a twelve month low of $20.23 and a twelve month high of $38.95. The company has a quick ratio of 2.66, a current ratio of 4.21 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.96 billion, a PE ratio of -30.42, a PEG ratio of 7.79 and a beta of 1.65.
Oil States International (NYSE:OIS) last posted its quarterly earnings data on Wednesday, April 25th. The oil and gas company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.14. Oil States International had a negative net margin of 9.14% and a negative return on equity of 3.01%. The company had revenue of $253.58 million during the quarter, compared to analysts’ expectations of $229.95 million. During the same period in the prior year, the company posted ($0.34) earnings per share. Oil States International’s revenue for the quarter was up 67.4% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in Oil States International by 22.5% in the first quarter. Principal Financial Group Inc. now owns 468,186 shares of the oil and gas company’s stock worth $12,266,000 after purchasing an additional 85,882 shares during the period. Legal & General Group Plc grew its holdings in Oil States International by 5.1% in the first quarter. Legal & General Group Plc now owns 143,793 shares of the oil and gas company’s stock worth $3,735,000 after purchasing an additional 6,969 shares during the period. Earnest Partners LLC grew its holdings in Oil States International by 2.4% in the first quarter. Earnest Partners LLC now owns 2,076,100 shares of the oil and gas company’s stock worth $54,394,000 after purchasing an additional 48,569 shares during the period. Guggenheim Capital LLC grew its holdings in Oil States International by 16.7% in the first quarter. Guggenheim Capital LLC now owns 51,892 shares of the oil and gas company’s stock worth $1,361,000 after purchasing an additional 7,437 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in shares of Oil States International in the first quarter valued at $859,000.
About Oil States International
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and gas companies worldwide. It operates through two segments, Well Site Services and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.
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