Wall Street analysts forecast that Oil States International, Inc. (NYSE:OIS) will announce earnings of ($0.10) per share 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 ($0.12) 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 business is expected to issue its next earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that Oil States International will report full-year earnings of ($0.55) per share for the current year, with EPS estimates ranging from ($0.57) to ($0.52). For the next financial year, analysts anticipate that the firm will post earnings of $0.00 per share, with EPS estimates ranging from ($0.15) to $0.26. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Oil States International.
Oil States International (NYSE:OIS) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $263.70 million for the quarter, compared to the consensus estimate of $266.70 million. Oil States International had a negative return on equity of 2.71% and a negative net margin of 6.70%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS.
Several brokerages recently issued reports on OIS. Zacks Investment Research downgraded Oil States International from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded Oil States International from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $14.00 to $12.00 in a report on Friday, December 13th. Scotiabank downgraded Oil States International from a “sector perform” rating to a “sector underperform” rating and set a $13.00 price target on the stock. in a report on Monday, January 6th. Wells Fargo & Co raised their price target on Oil States International from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Finally, Morgan Stanley cut their price target on Oil States International from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.70.
In other Oil States International news, VP Lias Jeff Steen sold 15,000 shares of Oil States International stock in a transaction on Friday, December 13th. The stock was sold at an average price of $16.62, for a total transaction of $249,300.00. Following the sale, the vice president now owns 245,608 shares of the company’s stock, valued at approximately $4,082,004.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kleef William T. Van sold 7,383 shares of Oil States International stock in a transaction on Monday, December 9th. The shares were sold at an average price of $17.44, for a total value of $128,759.52. Following the sale, the director now directly owns 38,326 shares in the company, valued at approximately $668,405.44. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in OIS. Bank of New York Mellon Corp raised its stake in Oil States International by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 961,883 shares of the oil and gas company’s stock valued at $17,603,000 after acquiring an additional 84,471 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Oil States International by 17.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 267,935 shares of the oil and gas company’s stock valued at $4,903,000 after acquiring an additional 40,585 shares in the last quarter. California Public Employees Retirement System raised its stake in Oil States International by 44.4% during the 3rd quarter. California Public Employees Retirement System now owns 106,593 shares of the oil and gas company’s stock valued at $1,418,000 after acquiring an additional 32,796 shares in the last quarter. Earnest Partners LLC raised its stake in Oil States International by 0.7% during the 2nd quarter. Earnest Partners LLC now owns 2,079,679 shares of the oil and gas company’s stock valued at $38,058,000 after acquiring an additional 14,123 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Oil States International by 7.0% during the 3rd quarter. Rhumbline Advisers now owns 196,848 shares of the oil and gas company’s stock valued at $2,618,000 after acquiring an additional 12,902 shares in the last quarter.
Shares of NYSE OIS opened at $15.57 on Friday. The company has a market cap of $968.04 million, a price-to-earnings ratio of -129.75 and a beta of 2.36. Oil States International has a 12-month low of $11.73 and a 12-month high of $21.27. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $16.46 and its 200 day simple moving average is $14.95.
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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