Oil States International, Inc. (NYSE:OIS) – Stock analysts at SunTrust Banks issued their FY2020 EPS estimates for shares of Oil States International in a research note issued to investors on Monday, November 12th, Zacks Investment Research reports. SunTrust Banks analyst K. Sill forecasts that the oil and gas company will post earnings per share of $1.08 for the year. SunTrust Banks currently has a “Buy” rating and a $35.00 target price on the stock.

OIS has been the topic of several other reports. ValuEngine raised shares of Oil States International from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Stifel Nicolaus initiated coverage on shares of Oil States International in a research report on Monday, September 10th. They set a “buy” rating and a $40.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Oil States International in a research report on Tuesday, September 18th. They set an “equal weight” rating and a $35.00 price objective on the stock. Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Credit Suisse Group set a $28.00 price objective on shares of Oil States International and gave the company a “hold” rating in a research report on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Oil States International has a consensus rating of “Hold” and an average target price of $32.83.

Shares of Oil States International stock traded down $0.06 during trading on Wednesday, hitting $20.10. The company’s stock had a trading volume of 461,968 shares, compared to its average volume of 472,247. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.04 and a quick ratio of 1.91. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -18.96 and a beta of 1.94. Oil States International has a 52 week low of $19.78 and a 52 week high of $38.95.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Monday, October 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The company had revenue of $274.59 million during the quarter, compared to analyst estimates of $274.97 million. Oil States International had a negative net margin of 4.28% and a negative return on equity of 0.44%. Oil States International’s quarterly revenue was up 67.4% compared to the same quarter last year. During the same period last year, the business earned ($0.30) EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC boosted its holdings in shares of Oil States International by 7.7% during the 3rd quarter. Teachers Advisors LLC now owns 123,237 shares of the oil and gas company’s stock valued at $4,091,000 after acquiring an additional 8,780 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of Oil States International by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 42,830 shares of the oil and gas company’s stock valued at $1,422,000 after acquiring an additional 15,225 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Oil States International by 62.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 779,018 shares of the oil and gas company’s stock valued at $25,863,000 after acquiring an additional 300,194 shares during the last quarter. Walthausen & Co. LLC purchased a new stake in shares of Oil States International during the 3rd quarter valued at about $6,416,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Oil States International by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,594,316 shares of the oil and gas company’s stock valued at $52,931,000 after acquiring an additional 12,473 shares during the last quarter.

Oil States International Company Profile

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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