Equities research analysts expect that Oil States International, Inc. (NYSE:OIS) will report ($0.29) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Oil States International’s earnings, with estimates ranging from ($0.31) to ($0.26). Oil States International reported earnings of ($0.01) per share in the same quarter last year, which indicates a negative year over year growth rate of 2,800%. The business is expected to report its next earnings report after the market closes on Wednesday, April 24th.
According to Zacks, analysts expect that Oil States International will report full year earnings of ($0.47) per share for the current financial year, with EPS estimates ranging from ($0.61) to ($0.35). For the next year, analysts forecast that the business will report earnings of $0.41 per share, with EPS estimates ranging from $0.07 to $0.97. 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 posted its earnings results on Wednesday, February 13th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The firm had revenue of $274.12 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up 49.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) earnings per share.
A number of research analysts have issued reports on OIS shares. SunTrust Banks reissued a “buy” rating and set a $28.00 target price on shares of Oil States International in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of Oil States International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Wells Fargo & Co raised shares of Oil States International from a “market perform” rating to an “outperform” rating and set a $16.21 target price for the company in a research note on Friday, March 29th. Finally, Raymond James raised shares of Oil States International from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $26.00 to $27.00 in a research note on Wednesday, March 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Oil States International has a consensus rating of “Hold” and a consensus target price of $32.20.
Oil States International stock traded up $0.05 during midday trading on Friday, reaching $17.96. 754,876 shares of the stock traded hands, compared to its average volume of 701,599. The company has a quick ratio of 1.79, a current ratio of 2.95 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -149.67 and a beta of 2.32. Oil States International has a fifty-two week low of $13.20 and a fifty-two week high of $38.95.
In other news, VP Philip Scott Moses sold 6,583 shares of the company’s 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 completion of the sale, the vice president now directly owns 124,432 shares of the company’s stock, valued at approximately $2,303,236.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.
Several large investors have recently modified their holdings of OIS. Geode Capital Management LLC raised its stake in shares of Oil States International by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 634,583 shares of the oil and gas company’s stock valued at $9,061,000 after buying an additional 50,096 shares in the last quarter. Norges Bank acquired a new position in shares of Oil States International in the 4th quarter valued at $10,792,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Oil States International during the 4th quarter worth about $248,000. Metropolitan Life Insurance Co. NY increased its position in shares of Oil States International by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 19,494 shares of the oil and gas company’s stock worth $278,000 after purchasing an additional 15,225 shares in the last quarter. Finally, Neuburgh Advisers LLC increased its position in shares of Oil States International by 50.3% during the 4th quarter. Neuburgh Advisers LLC now owns 7,840 shares of the oil and gas company’s stock worth $112,000 after purchasing an additional 2,624 shares in the last quarter.
About Oil States International
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.
Further Reading: Depreciation
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.