Zacks: Brokerages Expect Oil States International, Inc. (OIS) Will Post Earnings of -$0.23 Per Share
Wall Street analysts forecast that Oil States International, Inc. (NYSE:OIS) will report earnings per share of ($0.23) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Oil States International’s earnings, with the highest EPS estimate coming in at ($0.20) and the lowest estimate coming in at ($0.26). Oil States International posted earnings per share of ($0.20) in the same quarter last year, which would indicate a negative year over year growth rate of 15%. The firm is expected to report its next earnings results on Wednesday, February 21st.
On average, analysts expect that Oil States International will report full year earnings of ($1.10) per share for the current fiscal year, with EPS estimates ranging from ($1.13) to ($1.00). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.44) per share, with EPS estimates ranging from ($0.83) to $0.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Oil States International.
Oil States International (NYSE:OIS) last released its earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates 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 was down 8.4% on a year-over-year basis.
OIS has been the topic of a number of research analyst reports. Royal Bank of Canada set a $28.00 target price on Oil States International and gave the stock a “hold” rating in a report on Friday, October 20th. Deutsche Bank initiated coverage on Oil States International in a research report on Tuesday, October 10th. They set a “hold” rating and a $26.00 price target on the stock. Scotiabank set a $41.00 price target on Oil States International and gave the stock a “buy” rating in a research report on Thursday, October 19th. BMO Capital Markets reiterated a “hold” rating and set a $24.00 price target on shares of Oil States International in a research report on Wednesday, September 6th. Finally, Cowen set a $24.00 price target on Oil States International and gave the stock a “hold” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.82.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Earnest Partners LLC acquired a new stake in Oil States International in the 2nd quarter valued at approximately $53,922,000. Balyasny Asset Management LLC increased its position in Oil States International by 25.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 80,850 shares of the oil and gas company’s stock valued at $2,195,000 after acquiring an additional 16,173 shares during the period. Aperio Group LLC increased its position in Oil States International by 26.1% in the 3rd quarter. Aperio Group LLC now owns 69,318 shares of the oil and gas company’s stock valued at $1,757,000 after acquiring an additional 14,344 shares during the period. Hancock Holding Co. acquired a new stake in Oil States International in the 2nd quarter valued at approximately $6,944,000. Finally, First Manhattan Co. increased its position in Oil States International by 57.1% in the 3rd quarter. First Manhattan Co. now owns 22,000 shares of the oil and gas company’s stock valued at $557,000 after acquiring an additional 8,000 shares during the period.
Oil States International (OIS) opened at $28.25 on Friday. The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. Oil States International has a 1-year low of $20.23 and a 1-year high of $41.25. The company has a market capitalization of $1,458.60, a P/E ratio of -24.78 and a beta of 1.69.
Oil States International Company Profile
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.
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