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

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

Oil States International (NYSE:OIS) last released its earnings results on Thursday, October 24th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. The company had revenue of $263.70 million for 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%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS.

OIS has been the subject of a number of recent analyst reports. Wells Fargo & Co downgraded Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 target price for the company. in a report on Thursday, September 12th. Morgan Stanley lowered their price target on shares of Oil States International from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, G.Research reiterated a “buy” rating on shares of Oil States International in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.25.

OIS stock traded down $0.28 on Thursday, reaching $15.65. 52,824 shares of the company’s stock were exchanged, compared to its average volume of 374,183. The stock has a fifty day moving average of $14.92 and a 200-day moving average of $15.12. The firm has a market cap of $964.41 million, a PE ratio of -130.38 and a beta of 2.36. The company has a quick ratio of 1.42, a current ratio of 2.48 and a debt-to-equity ratio of 0.20. Oil States International has a twelve month low of $11.73 and a twelve month high of $23.42.

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC acquired a new position in shares of Oil States International during the 2nd quarter worth $35,000. Public Employees Retirement System of Ohio increased its holdings in Oil States International by 11.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,297 shares of the oil and gas company’s stock valued at $124,000 after acquiring an additional 987 shares in the last quarter. Neuburgh Advisers LLC raised its position in Oil States International by 20.8% during the second quarter. Neuburgh Advisers LLC now owns 9,472 shares of the oil and gas company’s stock worth $173,000 after acquiring an additional 1,632 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Oil States International during the second quarter worth about $211,000. Finally, Glen Harbor Capital Management LLC lifted its holdings in shares of Oil States International by 20.8% in the second quarter. Glen Harbor Capital Management LLC now owns 13,024 shares of the oil and gas company’s stock valued at $238,000 after purchasing an additional 2,244 shares in the last quarter.

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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