Zacks: Brokerages Anticipate Oil States International, Inc. (OIS) Will Announce Earnings of -$0.22 Per Share
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.
TRADEMARK VIOLATION NOTICE: This article was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/zacks-brokerages-anticipate-oil-states-international-inc-ois-will-announce-earnings-of-0-22-per-share/1712355.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oil States International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.