Analysts Anticipate Oil States International, Inc. (NYSE:OIS) Will Post Earnings of -$0.13 Per Share

Wall Street analysts forecast that Oil States International, Inc. (NYSE:OIS) will report ($0.13) earnings per share (EPS) 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 ($0.09) and the lowest estimate coming in at ($0.24). Oil States International reported earnings per share of $0.05 in the same quarter last year, which would suggest a negative year over year growth rate of 360%. The firm is expected to report its next quarterly earnings results before the market opens on Monday, July 29th.

According to Zacks, analysts expect that Oil States International will report full-year earnings of ($0.41) per share for the current year, with EPS estimates ranging from ($0.53) to ($0.25). For the next financial year, analysts expect that the business will post earnings of $0.38 per share, with EPS estimates ranging from ($0.09) to $0.73. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Oil States International.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. The company had revenue of $250.60 million for 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 revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) earnings per share.

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

In other news, VP Christopher E. Cragg sold 3,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $20.43, for a total value of $61,290.00. Following the sale, the vice president now directly owns 203,612 shares of the company’s stock, valued at $4,159,793.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuburgh Advisers LLC boosted its position in shares of 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 valued at $112,000 after buying an additional 2,624 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of 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 valued at $256,000 after buying an additional 845 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Oil States International during the fourth quarter valued at $248,000. Mason Street Advisors LLC boosted its position in shares of 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 valued at $330,000 after buying an additional 802 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Oil States International by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,494 shares of the oil and gas company’s stock valued at $278,000 after buying an additional 15,225 shares during the last quarter.

OIS stock traded down $0.19 during midday trading on Friday, hitting $13.41. The stock had a trading volume of 853,885 shares, compared to its average volume of 569,342. The stock has a market cap of $810.51 million, a price-to-earnings ratio of -111.75 and a beta of 2.27. The stock’s 50-day moving average price is $16.62. Oil States International has a 52-week low of $13.20 and a 52-week high of $37.39. The company has a current ratio of 2.83, a quick ratio of 1.68 and a debt-to-equity ratio of 0.20.

Oil States International Company Profile

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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