Equities analysts forecast that Oil States International, Inc. (NYSE:OIS) will post earnings of ($0.12) per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Oil States International’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.24). Oil States International posted earnings of $0.05 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 340%. The company is scheduled to report its next earnings report on Monday, July 29th.

On average, analysts expect that Oil States International will report full year earnings of ($0.39) per share for the current year, with EPS estimates ranging from ($0.53) to ($0.25). For the next fiscal year, analysts forecast that the business will post earnings of $0.39 per share, with EPS estimates ranging from ($0.09) to $0.73. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Oil States International.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. The company had revenue of $250.60 million during the quarter, compared to analysts’ expectations of $245.20 million. Oil States International had a negative return on equity of 1.48% and a negative net margin of 2.79%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) earnings per share.

Several equities analysts have recently weighed in on the company. Cowen reiterated a “buy” rating and issued a $6.50 price target on shares of Daseke in a research report on Monday, May 6th. Royal Bank of Canada set a $147.00 price target on Ameriprise Financial and gave the company a “hold” rating in a research report on Friday, April 26th. Piper Jaffray Companies set a $52.00 price target on Core Laboratories and gave the company a “hold” rating in a research report on Wednesday, June 26th. Wells Fargo & Co initiated coverage on Propetro in a research note on Friday, March 29th. They set an “outperform” rating for the company. Finally, Zacks Investment Research reissued a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Oil States International presently has an average rating of “Hold” and an average price target of $27.02.

In related news, VP Christopher E. Cragg sold 3,000 shares of Oil States International stock in a transaction on Monday, April 29th. The stock was sold at an average price of $20.43, for a total transaction of $61,290.00. Following the completion of the sale, the vice president now owns 203,612 shares of the company’s stock, valued at $4,159,793.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Mason Street Advisors LLC lifted its stake in Oil States International by 4.3% during the first quarter. Mason Street Advisors LLC now owns 19,429 shares of the oil and gas company’s stock worth $330,000 after purchasing an additional 802 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its stake in Oil States International by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 15,112 shares of the oil and gas company’s stock worth $256,000 after purchasing an additional 845 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Oil States International by 3.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,130 shares of the oil and gas company’s stock worth $442,000 after purchasing an additional 900 shares during the last quarter. Arizona State Retirement System lifted its stake in Oil States International by 1.0% during the first quarter. Arizona State Retirement System now owns 93,326 shares of the oil and gas company’s stock worth $1,583,000 after purchasing an additional 959 shares during the last quarter. Finally, Neuburgh Advisers LLC lifted its stake in Oil States International by 50.3% during the fourth 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 during the last quarter.

Shares of NYSE OIS traded down $0.23 during mid-day trading on Friday, hitting $13.37. The company had a trading volume of 13,103 shares, compared to its average volume of 543,522. The firm has a market capitalization of $808.99 million, a P/E ratio of -111.50 and a beta of 2.27. Oil States International has a 1 year low of $13.20 and a 1 year high of $37.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.83 and a quick ratio of 1.68. The business’s 50-day simple moving average is $16.69.

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 in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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Earnings History and Estimates for Oil States International (NYSE:OIS)

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