Oil States International, Inc. (NYSE:OIS) – Stock analysts at SunTrust Banks dropped their Q1 2019 earnings estimates for shares of Oil States International in a note issued to investors on Tuesday, February 19th. SunTrust Banks analyst K. Sill now anticipates that the oil and gas company will post earnings of ($0.30) per share for the quarter, down from their prior forecast of ($0.04). SunTrust Banks currently has a “Buy” rating and a $28.00 price target on the stock. SunTrust Banks also issued estimates for Oil States International’s Q2 2019 earnings at ($0.15) EPS, Q3 2019 earnings at ($0.03) EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at ($0.44) EPS, Q1 2020 earnings at $0.06 EPS and FY2020 earnings at $0.73 EPS.
Several other research analysts have also issued reports on OIS. Zacks Investment Research lowered shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Raymond James reduced their target price on shares of Oil States International from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 30th. Credit Suisse Group set a $28.00 target price on shares of Oil States International and gave the company a “hold” rating in a research note on Tuesday, October 30th. Royal Bank of Canada set a $44.00 price target on shares of Oil States International and gave the company a “hold” rating in a research report on Thursday, December 20th. Finally, ValuEngine downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Oil States International currently has a consensus rating of “Hold” and an average price target of $34.60.
Shares of NYSE OIS opened at $17.77 on Friday. The stock has a market capitalization of $1.13 billion, a PE ratio of -148.08 and a beta of 2.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.79 and a current ratio of 2.95. Oil States International has a 1 year low of $13.20 and a 1 year high of $38.95.
Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, February 13th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06). The business had revenue of $274.12 million during the quarter, compared to the consensus estimate of $260.00 million. Oil States International had a negative net margin of 1.76% and a negative return on equity of 0.58%. The firm’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same period last year, the business posted ($0.18) EPS.
Several large investors have recently made changes to their positions in OIS. Lindbrook Capital LLC acquired a new stake in shares of Oil States International in the 4th quarter valued at approximately $44,000. Neuburgh Advisers LLC raised its position in shares of Oil States International by 50.3% in the 4th quarter. Neuburgh Advisers LLC now owns 7,840 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 2,624 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Oil States International during the 4th quarter worth approximately $178,000. Canada Pension Plan Investment Board acquired a new stake in Oil States International during the 4th quarter worth approximately $204,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Oil States International during the 4th quarter worth approximately $248,000.
In related news, VP Philip Scott Moses sold 6,583 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $18.51, for a total value of $121,851.33. Following the sale, the vice president now directly owns 124,432 shares in the company, valued at approximately $2,303,236.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.87% of the company’s stock.
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 through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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