Oil States International, Inc. (NYSE:OIS) Expected to Announce Earnings of -$0.12 Per Share

Brokerages forecast that Oil States International, Inc. (NYSE:OISGet Rating) will report earnings per share of ($0.12) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Oil States International’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at ($0.11). Oil States International reported earnings of ($0.26) per share during the same quarter last year, which would suggest a positive year over year growth rate of 53.8%. The business is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Oil States International will report full year earnings of ($0.23) per share for the current year, with EPS estimates ranging from ($0.28) to ($0.18). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.19 per share, with EPS estimates ranging from $0.07 to $0.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Oil States International.

Oil States International (NYSE:OISGet Rating) last released its earnings results on Wednesday, February 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Oil States International had a negative net margin of 11.16% and a negative return on equity of 6.35%. The business had revenue of $161.32 million during the quarter, compared to the consensus estimate of $160.00 million. During the same period last year, the business posted ($0.21) EPS.

Several brokerages recently issued reports on OIS. Zacks Investment Research lowered shares of Oil States International from a “buy” rating to a “hold” rating in a report on Friday, February 18th. Piper Sandler upgraded shares of Oil States International from a “neutral” rating to an “overweight” rating and set a $8.00 price target on the stock in a research report on Monday, March 7th. Finally, StockNews.com initiated coverage on shares of Oil States International in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Oil States International by 8.0% in the third quarter. Van ECK Associates Corp now owns 3,779,554 shares of the oil and gas company’s stock valued at $24,151,000 after acquiring an additional 280,170 shares in the last quarter. Foundry Partners LLC raised its position in shares of Oil States International by 7.6% in the 4th quarter. Foundry Partners LLC now owns 2,330,033 shares of the oil and gas company’s stock worth $11,580,000 after purchasing an additional 163,976 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Oil States International by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,181,384 shares of the oil and gas company’s stock worth $7,549,000 after purchasing an additional 61,620 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Oil States International by 70.2% in the 3rd quarter. New York State Common Retirement Fund now owns 796,561 shares of the oil and gas company’s stock worth $5,090,000 after purchasing an additional 328,547 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Oil States International by 26.8% in the 4th quarter. Russell Investments Group Ltd. now owns 713,103 shares of the oil and gas company’s stock worth $3,543,000 after buying an additional 150,612 shares during the last quarter. Hedge funds and other institutional investors own 87.08% of the company’s stock.

Oil States International stock traded up $0.28 during midday trading on Tuesday, hitting $7.07. The company’s stock had a trading volume of 980,569 shares, compared to its average volume of 1,095,338. The company has a 50-day moving average price of $6.49 and a two-hundred day moving average price of $6.16. The company has a market cap of $437.58 million, a price-to-earnings ratio of -6.67 and a beta of 3.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.41 and a quick ratio of 1.46. Oil States International has a 1-year low of $4.42 and a 1-year high of $8.70.

Oil States International Company Profile (Get Rating)

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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