Oil States International (OIS) Scheduled to Post Quarterly Earnings on Friday

Oil States International (NYSE:OIS) will be issuing its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Oil States International (NYSE:OIS) last released its earnings results on Tuesday, February 20th. The oil and gas company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $208.30 million during the quarter, compared to analysts’ expectations of $216.22 million. Oil States International had a return on equity of 2.20% and a net margin of 1.65%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, analysts expect Oil States International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Oil States International Trading Up 0.2 %

OIS opened at $5.43 on Friday. The stock has a market cap of $348.66 million, a PE ratio of 27.40 and a beta of 2.56. The company has a quick ratio of 1.82, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $5.87 and a 200-day moving average of $6.56. Oil States International has a 52 week low of $5.22 and a 52 week high of $9.02.

Hedge Funds Weigh In On Oil States International

Several institutional investors and hedge funds have recently bought and sold shares of OIS. Bank of New York Mellon Corp lifted its position in shares of Oil States International by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 641,078 shares of the oil and gas company’s stock valued at $4,456,000 after acquiring an additional 17,123 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Oil States International by 23.8% in the first quarter. MetLife Investment Management LLC now owns 30,522 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 5,864 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Oil States International by 2.9% in the first quarter. Rhumbline Advisers now owns 204,495 shares of the oil and gas company’s stock worth $1,421,000 after purchasing an additional 5,849 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Oil States International by 3.6% in the first quarter. Yousif Capital Management LLC now owns 58,030 shares of the oil and gas company’s stock worth $403,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Oil States International by 249.3% in the first quarter. Quantbot Technologies LP now owns 77,522 shares of the oil and gas company’s stock worth $538,000 after purchasing an additional 55,327 shares during the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Susquehanna restated a “neutral” rating and issued a $6.50 target price on shares of Oil States International in a research note on Monday, April 8th.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, 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.