Oil States International, Inc. (NYSE:OIS) – Research analysts at Capital One Financial cut their FY2017 EPS estimates for shares of Oil States International in a research report issued to clients and investors on Wednesday. Capital One Financial analyst J. Gibney now forecasts that the oil and gas company will post earnings per share of ($1.12) for the year, down from their prior forecast of ($1.06). Capital One Financial also issued estimates for Oil States International’s Q4 2017 earnings at ($0.23) EPS, Q1 2018 earnings at ($0.25) EPS, Q2 2018 earnings at ($0.23) EPS, Q3 2018 earnings at ($0.19) EPS, Q4 2018 earnings at ($0.15) EPS, FY2018 earnings at ($0.83) EPS and FY2019 earnings at ($0.38) EPS.
A number of other equities research analysts have also recently weighed in on OIS. Loop Capital set a $33.00 price target on Oil States International and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial reaffirmed a “buy” rating on shares of Oil States International in a report on Tuesday, December 12th. Zacks Investment Research raised Oil States International from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Cowen set a $24.00 price target on Oil States International and gave the company a “hold” rating in a report on Friday, October 6th. Finally, J P Morgan Chase & Co dropped their price target on Oil States International from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.18.
Shares of Oil States International (NYSE OIS) opened at $25.50 on Friday. Oil States International has a twelve month low of $20.23 and a twelve month high of $41.25. The company has a quick ratio of 2.60, a current ratio of 4.09 and a debt-to-equity ratio of 0.02.
Oil States International (NYSE:OIS) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.02). Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. The business had revenue of $164.00 million for the quarter, compared to analyst estimates of $166.94 million. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis.
Institutional investors and hedge funds have recently made changes to their positions in the business. Earnest Partners LLC bought a new position in Oil States International in the 2nd quarter valued at $53,922,000. Balyasny Asset Management LLC boosted its position in Oil States International by 25.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 80,850 shares of the oil and gas company’s stock valued at $2,195,000 after buying an additional 16,173 shares during the last quarter. Aperio Group LLC boosted its position in Oil States International by 26.1% in the 3rd quarter. Aperio Group LLC now owns 69,318 shares of the oil and gas company’s stock valued at $1,757,000 after buying an additional 14,344 shares during the last quarter. Hancock Holding Co. bought a new position in Oil States International in the 2nd quarter valued at $6,944,000. Finally, First Manhattan Co. boosted its position in Oil States International by 57.1% in the 3rd quarter. First Manhattan Co. now owns 22,000 shares of the oil and gas company’s stock valued at $557,000 after buying an additional 8,000 shares during the last quarter.
Oil States International Company Profile
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.
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