Oil States International (OIS) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $-0.24 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $-0.19. The company posted revenue of $169.66 million in the period, compared to analysts expectations of $191.57 million. The company’s revenue was down -49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Oil States International. Oil States International was Upgraded by Piper Jaffray to ” Overweight” on Mar 31, 2016. Oil States International was Downgraded by Scotia Howard Weil to ” Sector Perform” on Mar 28, 2016. Shares were Reiterated by Deutsche Bank on Feb 22, 2016 to “Hold” and Lowered the Price Target to $ 24 from a previous price target of $30 .
Oil States International opened for trading at $33.08 and hit $34.2003 on the upside on Friday, eventually ending the session at $33.46, with a gain of 1.79% or 0.59 points. The heightened volatility saw the trading volume jump to 9,24,261 shares. Company has a market cap of $1,722 M.
In a different news, on Dec 28, 2015, Sarah Ann Munson (VP, Controller & CAO) sold 3,860 shares at $27.86 per share price. According to the SEC, on Dec 23, 2015, Lias Jeff Steen (SR Vice President, HR & Legal) sold 8,789 shares at $29.52 per share price. On Dec 16, 2015, Philip Scott Moses (Sr. VP, Offshore Products) sold 8,579 shares at $31.17 per share price, according to the Form-4 filing with the securities and exchange commission.
Oil States International Inc. (Oil States) through its subsidiaries is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company operates in active oil and natural gas producing regions including onshore and offshore United States Canada West Africa the North Sea South America and Southeast and Central Asia. The Company operates in two segments: offshore products and well site services. The Company’s products and services include flexible bearings and advanced connection systems; casing and conductor connections and pipe; subsea pipeline products; compact ball valves manifold system components and diverter valves; marine winches mooring systems cranes and other heavy-lift rig equipment; production workover completion and drilling riser systems among others. The Company also offers well site services.