Oil States International (NYSE:OIS – Get Rating) last issued its earnings results on Wednesday, July 27th. The oil and gas company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The firm had revenue of $181.83 million during the quarter, compared to analysts’ expectations of $176.30 million. Oil States International had a negative net margin of 7.33% and a negative return on equity of 4.87%. Oil States International’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) 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 Price Performance
Shares of NYSE OIS opened at $5.16 on Thursday. The business’s 50 day moving average price is $4.67 and its 200 day moving average price is $5.74. The firm has a market cap of $329.72 million, a P/E ratio of -6.53 and a beta of 2.92. Oil States International has a 52 week low of $3.51 and a 52 week high of $9.02. The company has a quick ratio of 1.26, a current ratio of 2.18 and a debt-to-equity ratio of 0.20.
Insider Buying and Selling at Oil States International
In related news, COO Philip Scott Moses purchased 58,624 shares of the firm’s stock in a transaction on Friday, September 23rd. The stock was bought at an average cost of $3.63 per share, with a total value of $212,805.12. Following the completion of the acquisition, the chief operating officer now owns 384,487 shares of the company’s stock, valued at approximately $1,395,687.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its stake in shares of Oil States International by 266.5% during the 2nd quarter. Captrust Financial Advisors now owns 36,675 shares of the oil and gas company’s stock worth $199,000 after buying an additional 26,669 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Oil States International by 433.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 115,863 shares of the oil and gas company’s stock worth $628,000 after buying an additional 94,145 shares during the period. Quantbot Technologies LP raised its stake in shares of Oil States International by 249.3% during the 1st quarter. Quantbot Technologies LP now owns 77,522 shares of the oil and gas company’s stock worth $538,000 after buying an additional 55,327 shares during the period. Yousif Capital Management LLC raised its stake in shares of Oil States International by 3.6% during the 1st quarter. Yousif Capital Management LLC now owns 58,030 shares of the oil and gas company’s stock worth $403,000 after buying an additional 2,010 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Oil States International by 2.9% during the 1st quarter. Rhumbline Advisers now owns 204,495 shares of the oil and gas company’s stock worth $1,421,000 after buying an additional 5,849 shares during the period. 90.18% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Oil States International in a report on Wednesday, October 12th. They issued a “hold” rating for the company.
About Oil States International
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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