Oil States International, Inc. (NYSE:OIS) – Analysts at SunTrust Banks issued their FY2020 earnings estimates for shares of Oil States International in a research note issued on Monday, November 12th. SunTrust Banks analyst K. Sill forecasts that the oil and gas company will post earnings of $1.08 per share for the year. SunTrust Banks currently has a “Buy” rating and a $35.00 price target on the stock.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Monday, October 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $274.59 million during the quarter, compared to analyst estimates of $274.97 million. Oil States International had a negative return on equity of 0.44% and a negative net margin of 4.28%. The firm’s revenue was up 67.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.30) EPS.

Several other equities research analysts have also issued reports on the company. Morgan Stanley initiated coverage on Oil States International in a report on Tuesday, September 18th. They set an “equal weight” rating and a $35.00 price target for the company. ValuEngine upgraded Oil States International from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Oil States International from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, August 2nd. Stifel Nicolaus assumed coverage on Oil States International in a report on Monday, September 10th. They issued a “buy” rating and a $40.00 target price for the company. Finally, Credit Suisse Group boosted their target price on Oil States International from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.83.

Shares of Oil States International stock opened at $21.48 on Wednesday. The stock has a market cap of $1.34 billion, a PE ratio of -20.26 and a beta of 1.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.04 and a quick ratio of 1.91. Oil States International has a 52-week low of $21.39 and a 52-week high of $38.95.

A number of hedge funds and other institutional investors have recently modified their holdings of OIS. Loomis Sayles & Co. L P increased its position in shares of Oil States International by 62.7% during the third quarter. Loomis Sayles & Co. L P now owns 779,018 shares of the oil and gas company’s stock valued at $25,863,000 after purchasing an additional 300,194 shares during the period. Walthausen & Co. LLC bought a new stake in shares of Oil States International during the third quarter valued at approximately $6,416,000. Bank of New York Mellon Corp increased its position in shares of Oil States International by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 1,594,316 shares of the oil and gas company’s stock valued at $52,931,000 after purchasing an additional 12,473 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Oil States International by 27.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 17,183 shares of the oil and gas company’s stock valued at $570,000 after buying an additional 3,700 shares in the last quarter. Finally, Commonwealth Bank of Australia acquired a new stake in Oil States International in the 3rd quarter valued at $325,000.

In other Oil States International news, VP Brian E. Taylor sold 2,380 shares of Oil States International stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $34.05, for a total value of $81,039.00. Following the transaction, the vice president now directly owns 17,082 shares of the company’s stock, valued at approximately $581,642.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.87% of the company’s stock.

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 through 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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