Oil States International, Inc. (NYSE:OIS) Trading Down 3.8% Following Weak Earnings

Paterniano Del Favero
Agosto 13, 2017

The oil and gas business posted ($0.27) EPS (EPS) for the period, falling below Zacks' average forecast of ($0.24) by $0.03. the company reported sales of $171.40 M for the period end, compared to analysts' anticipations of $176.08 M. Oil States International had a lower negative return on equity of 4.21% and a negative net profit margin of 7.94%.

Several hedge funds and other institutional investors have recently modified their holdings of OIS. Meadow Creek Investment Management LLC increased its position in Oil States International by 3.0% in the first quarter. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and worldwide copyright law. BMO Capital Markets reiterated a "hold" rating and set a $33.00 price objective (down previously from $35.00) on shares of Oil States International in a research note on Friday, May 5th. The stock's 50 day moving average is $26.18 and its 200-day moving average is $31.03. Oil States International, Inc.is now trading -12.55% below its 20-day and -29.79% versus the 200-day simple moving averages while -15.48% compared with its 50-day simple moving average. During the same quarter previous year, the company posted ($0.22) EPS. Lastly, Wells Fargo & Company assumed coverage on Oil States International in a study note published on Fri, Jun 16th. Analysts predict that Oil States International will post ($0.97) earnings per share for the current fiscal year. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company's stock valued at $133,000 after buying an additional 2,394 shares in the last quarter. Oil States International, Inc. has a 52-week low of $22.35 and a 52-week high of $41.75. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company's stock. Finally, Deutsche Bank AG restated a "hold" rating and issued a $35.00 target price (down from $37.00) on shares of Oil States International in a research note on Tuesday, May 30th. Karp Capital Management Corp purchased a new position in Oil States International during the first quarter valued at $1,289,000. Wolfe Research cut Oil States International from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 6th. The company's market cap is $1.19 billion.

Dimensional Fund Advisors Lp increased its position in Oil States International, Inc. stock by 0.1% in a 13F filing with the SEC. UBS Asset Management Americas Inc. now owns 34,434 shares of the oil and gas company's stock valued at $1,141,000 after buying an additional 1,246 shares during the period. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company's stock valued at $115,000 after buying an additional 102 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,200 shares of the oil and gas company's stock valued at $277,000 after buying an additional 1,700 shares during the period. Thrivent Financial For Lutherans increased its stake in Oil States International by 4.9% in the second quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Oil States International by 3.8% in the first quarter.

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The stock presently has a consensus rating of Hold and a consensus price target of $35.00. The Company operates through two segments: Offshore Products and Well Site Services.

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