Oil States International (NYSE:OIS) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 24th. Analysts expect Oil States International to post earnings of ($0.16) per share for the quarter.
Oil States International (NYSE:OIS) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.05. Oil States International had a negative return on equity of 4.57% and a negative net margin of 12.65%. The business had revenue of $183.70 million for the quarter, compared to analysts’ expectations of $175.66 million. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, analysts expect Oil States International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
OIS stock opened at $30.95 on Tuesday. Oil States International has a 1-year low of $20.23 and a 1-year high of $34.72. The firm has a market capitalization of $1,884.47, a price-to-earnings ratio of -29.20 and a beta of 1.74.
Several research firms have weighed in on OIS. Wells Fargo raised Oil States International from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. Cowen set a $25.00 price objective on Oil States International and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Royal Bank of Canada set a $29.00 price objective on Oil States International and gave the stock a “hold” rating in a research report on Thursday, December 21st. Finally, Piper Jaffray set a $22.00 price objective on Oil States International and gave the stock a “hold” rating in a research report on Saturday, February 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Oil States International currently has an average rating of “Hold” and a consensus price target of $29.20.
About Oil States International
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and gas companies worldwide. It operates through two segments, Well Site Services and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.
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