Oil States International, Inc. (NYSE:OIS) – Research analysts at SunTrust Banks issued their Q1 2018 earnings per share estimates for shares of Oil States International in a report issued on Wednesday. SunTrust Banks analyst K. Sill forecasts that the oil and gas company will earn ($0.18) per share for the quarter. SunTrust Banks also issued estimates for Oil States International’s Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.38) EPS, Q1 2019 earnings at ($0.01) EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.27 EPS.
OIS has been the topic of a number of other reports. Royal Bank of Canada set a $29.00 price objective on Oil States International and gave the stock a “hold” rating in a research note on Thursday, December 21st. Piper Jaffray Companies set a $22.00 price objective on Oil States International and gave the stock a “hold” rating in a research note on Saturday, February 17th. JPMorgan Chase & Co. set a $29.00 price objective on Oil States International and gave the stock a “buy” rating in a research note on Thursday, December 21st. Loop Capital set a $33.00 price objective on Oil States International and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Raymond James Financial reaffirmed a “buy” rating on shares of Oil States International in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $28.50.
Oil States International (NYSE:OIS) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.05. The company had revenue of $183.70 million for the quarter, compared to analyst estimates of $175.66 million. Oil States International had a negative return on equity of 4.57% and a negative net margin of 12.65%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) earnings per share.
In other Oil States International news, major shareholder Holdings B.V. Hcperf sold 5,925,050 shares of Oil States International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $25.79, for a total value of $152,807,039.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.97% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in Oil States International in the fourth quarter worth approximately $695,000. Municipal Employees Retirement System of Michigan increased its holdings in Oil States International by 25.1% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 19,340 shares of the oil and gas company’s stock worth $547,000 after purchasing an additional 3,880 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Oil States International by 0.9% during the fourth quarter. Earnest Partners LLC now owns 2,027,531 shares of the oil and gas company’s stock valued at $57,379,000 after acquiring an additional 17,898 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Oil States International by 59.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 12,840 shares of the oil and gas company’s stock valued at $363,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Oil States International by 4.0% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,663,617 shares of the oil and gas company’s stock valued at $47,081,000 after acquiring an additional 64,731 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.
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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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