Wall Street analysts expect Oil States International, Inc. (NYSE:OIS) to announce earnings of ($0.10) per share for the current quarter, according to Zacks. Five analysts have issued estimates for Oil States International’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.09). Oil States International posted earnings per share of ($0.19) during the same quarter last year, which indicates a positive year over year growth rate of 47.4%. The business is expected to issue its next earnings report on Wednesday, February 12th.

On average, analysts expect that Oil States International will report full-year earnings of ($0.56) per share for the current year, with EPS estimates ranging from ($0.60) to ($0.54). For the next fiscal year, analysts expect that the business will report earnings of $0.03 per share, with EPS estimates ranging from ($0.22) to $0.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Oil States International.

Oil States International (NYSE:OIS) last issued its earnings results on Thursday, October 24th. The oil and gas company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $266.70 million. Oil States International had a negative return on equity of 2.71% and a negative net margin of 6.70%. Oil States International’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned ($0.07) earnings per share.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Raymond James cut their price objective on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 30th. Wells Fargo & Co cut Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a report on Thursday, September 12th. Royal Bank of Canada cut their price objective on Oil States International to $23.00 and set a “sector perform” rating for the company in a report on Tuesday, July 30th. Finally, ValuEngine raised Oil States International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Oil States International presently has a consensus rating of “Hold” and an average target price of $20.25.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its holdings in shares of Oil States International by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 8,310 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 777 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Oil States International by 3.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 24,130 shares of the oil and gas company’s stock valued at $442,000 after buying an additional 900 shares during the last quarter. Neuburgh Advisers LLC raised its holdings in shares of Oil States International by 20.8% in the second quarter. Neuburgh Advisers LLC now owns 9,472 shares of the oil and gas company’s stock valued at $173,000 after buying an additional 1,632 shares during the last quarter. Natixis Advisors L.P. raised its holdings in shares of Oil States International by 4.0% in the second quarter. Natixis Advisors L.P. now owns 49,554 shares of the oil and gas company’s stock valued at $907,000 after buying an additional 1,928 shares during the last quarter. Finally, Parallel Advisors LLC bought a new position in shares of Oil States International in the second quarter valued at about $35,000.

OIS stock traded up $0.18 during midday trading on Tuesday, hitting $16.47. The stock had a trading volume of 365,943 shares, compared to its average volume of 611,122. The firm has a market capitalization of $989.22 million, a price-to-earnings ratio of -137.25 and a beta of 2.29. The stock has a 50-day simple moving average of $13.74 and a 200 day simple moving average of $15.48. Oil States International has a 52 week low of $11.73 and a 52 week high of $24.00. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.20.

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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