Oil States International, Inc. (NYSE:OIS) – Equities research analysts at Capital One Financial Corporation raised their Q3 2017 earnings estimates for shares of Oil States International in a research note issued on Thursday. Capital One Financial Corporation analyst J. Gibney now forecasts that the oil and gas company will post earnings of ($0.23) per share for the quarter, up from their previous estimate of ($0.24). Capital One Financial Corporation also issued estimates for Oil States International’s Q4 2017 earnings at ($0.14) EPS, FY2017 earnings at ($0.98) EPS, Q1 2018 earnings at ($0.19) EPS, Q2 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.47) EPS.
Several other brokerages also recently issued reports on OIS. Zacks Investment Research downgraded Oil States International from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Loop Capital reissued a “buy” rating on shares of Oil States International in a research note on Monday, July 3rd. BidaskClub raised Oil States International from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $44.00 price objective on shares of Oil States International in a research note on Friday, June 30th. Finally, BMO Capital Markets reduced their price objective on Oil States International from $33.00 to $27.00 and set a “market perform” rating for the company in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $31.27.
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Oil States International (OIS) opened at 23.00 on Monday. The stock’s 50 day moving average price is $24.52 and its 200 day moving average price is $26.61. The firm’s market cap is $1.18 billion. Oil States International has a 1-year low of $20.90 and a 1-year high of $41.75.
Oil States International (NYSE:OIS) last released its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The firm had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LS Investment Advisors LLC grew its holdings in Oil States International by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 612 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in Oil States International by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 2,394 shares during the last quarter. Winch Advisory Services LLC grew its holdings in Oil States International by 113.1% in the 2nd quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 3,049 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in Oil States International in the 2nd quarter valued at approximately $159,000. Finally, OppenheimerFunds Inc. acquired a new stake in Oil States International in the 1st quarter valued at approximately $211,000.
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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