Oil States International, Inc. (OIS) Expected to Post Earnings of -$0.22 Per Share

Wall Street analysts forecast that Oil States International, Inc. (NYSE:OIS) will announce earnings of ($0.22) per share for the current quarter, according to Zacks. Six analysts have made estimates for Oil States International’s earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.26). Oil States International posted earnings of ($0.20) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 10%. The firm is expected to announce its next earnings report 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 financial year, analysts expect that the company will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.65) to $0.05. Zacks’ 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 announced its earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) EPS for the quarter, missing the 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 business had revenue of $164.00 million during the quarter, compared to analyst estimates of $166.94 million. Oil States International’s quarterly revenue was down 8.4% on a year-over-year basis.

OIS has been the subject of several recent research reports. Deutsche Bank AG initiated coverage on shares of Oil States International in a research report on Tuesday, October 10th. They set a “hold” rating and a $26.00 target price for the company. Cowen and Company set a $24.00 target price on shares of Oil States International and gave the company a “hold” rating in a research report on Friday, October 6th. Royal Bank Of Canada set a $30.00 target price on shares of Oil States International and gave the company a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, BMO Capital Markets dropped their target price on shares of Oil States International from $27.00 to $24.00 and set a “market perform” rating for the company in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Oil States International presently has an average rating of “Hold” and a consensus target price of $30.00.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in Oil States International by 2.5% in the 2nd quarter. State Street Corp now owns 2,062,339 shares of the oil and gas company’s stock worth $55,992,000 after purchasing an additional 50,820 shares during the period. Earnest Partners LLC boosted its stake in Oil States International by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 2,009,633 shares of the oil and gas company’s stock worth $50,944,000 after purchasing an additional 23,545 shares during the period. Thrivent Financial For Lutherans boosted its stake in Oil States International by 4.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,474,076 shares of the oil and gas company’s stock worth $40,022,000 after purchasing an additional 68,650 shares during the period. New York State Common Retirement Fund boosted its stake in Oil States International by 0.4% in the 3rd quarter. New York State Common Retirement Fund now owns 681,287 shares of the oil and gas company’s stock worth $17,271,000 after purchasing an additional 2,522 shares during the period. Finally, Rice Hall James & Associates LLC boosted its stake in Oil States International by 452.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock worth $16,623,000 after purchasing an additional 537,017 shares during the period.

Oil States International (NYSE:OIS) traded down $0.25 during trading hours on Friday, reaching $22.00. The company’s stock had a trading volume of 255,600 shares, compared to its average volume of 691,687. Oil States International has a 12-month low of $20.23 and a 12-month high of $41.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 4.09.

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

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