-$0.12 in earnings per share expected for Oil States International, Inc. (NYSE:OIS) this quarter
Equity research analysts expect Oil States International, Inc. (NYSE:OIS) to report earnings per share of ($0.12) for the current quarter, reports Zacks Investment Research. Three analysts released earnings estimates for Oil States International, with the highest EPS estimate of $0.11 and the lowest estimate of $0.13. Oil States International reported earnings per share of ($0.21) in the same quarter last year, suggesting a positive year-over-year growth rate of 42.9%. The company is expected to release its next quarterly results on Wednesday, February 16.
According to Zacks, analysts expect Oil States International to report annual earnings of $0.72 per share for the current fiscal year. For the next fiscal year, analysts expect the company to post earnings of ($0.22) per share, with EPS estimates ranging from ($0.25) to ($0.18). Zacks Investment Research’s earnings per share calculations are an average average based on a survey of research companies that cover Oil States International.
Oil States International (NYSE:OIS) last released its quarterly results on Sunday, October 31. The oil and gas company reported ($0.18) earnings per share for the quarter, missing the Zacks consensus estimate of ($0.15) by ($0.03). Oil States International recorded a negative net margin of 11.45% and a negative return on equity of 6.88%. The company posted revenue of $140.50 million in the quarter, compared to analyst estimates of $153.12 million. During the same quarter last year, the company achieved EPS of ($0.33). The company’s revenue for the quarter increased by 4.2% compared to the same quarter last year.
Separately, Zacks Investment Research upgraded Oil States International from a “sell” rating to a “hold” rating in a Friday, November 12 research report.
NYSE OIS shares opened at $6.28 on Friday. Oil States International has a 1-year low of $4.42 and a 1-year high of $9.49. The company has a market capitalization of $385.44 million, a PE ratio of -6.04 and a beta of 3.65. The company has a current ratio of 2.46, a quick ratio of 1.42 and a debt ratio of 0.23. The company has a 50-day moving average price of $5.48 and a two-hundred-day moving average price of $5.99.
A number of hedge funds and other institutional investors have recently changed their positions in OIS. Neuberger Berman Group LLC increased its position in Oil States International by 480.2% in the second quarter. Neuberger Berman Group LLC now owns 2,330,274 shares of the oil and gas company worth $18,186,000 after acquiring an additional 1,928,652 shares during the period. Russell Investments Group Ltd. increased its holdings of Oil States International shares by 308.3% during the third quarter. Russell Investments Group Ltd. now owns 562,491 shares of the oil and gas company valued at $3,592,000 after purchasing an additional 424,740 shares in the last quarter. The New York State Common Retirement Fund increased its holdings of Oil States International shares by 70.2% during the third quarter. The New York State Common Retirement Fund now owns 796,561 shares of the oil and gas company valued at $5,090,000 after purchasing an additional 328,547 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Oil States International by 8.0% during the third quarter. Van ECK Associates Corp now owns 3,779,554 shares of the oil and gas company valued at $24,151,000 after buying an additional 280,170 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new equity stake in Oil States International during Q3 valued at approximately $482,000. Hedge funds and other institutional investors own 88.03% of the company’s shares.
About Oil States International
Oil States International, Inc provides specialty products and services to the drilling, completions, subsea, production and infrastructure sectors of the oil and gas industry. It operates through the following segments: Wellsite Services, Downhole Technologies and Offshore or Manufactured Products.
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