Revenue Update on Oil States International(NYSE:OIS)

Oil States International(NYSE:OIS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $175.85M. Analysts estimated a revenue of $174.38M. Earnings per share were $-0.22. Analysts had estimated an EPS of $-0.27.

In a different note, On Jun 29, 2016, Evercore ISI Group said it Upgrades its rating on Oil States International. The shares have been rated ‘Buy’ by the firm. On Jun 22, 2016, Scotia Howard Weil said it Upgrades its rating on Oil States International. The shares have been rated ‘Sector Outperform’ by the firm.

Oil States International (OIS) made into the market gainers list on Fridays trading session with the shares advancing 2.45% or 0.74 points. Due to strong positive momentum, the stock ended at $30.92, which is also near the day’s high of $30.99. The stock began the session at $29.85 and the volume stood at 9,00,803 shares. The 52-week high of the shares is $36.73 and the 52 week low is $21.44. The company has a current market capitalization of $1,588 M and it has 5,13,60,935 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 28, 2015, Sarah Ann Munson (VP, Controller & CAO) sold 3,860 shares at $27.86 per share price.Also, 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.

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