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What Falling Estimates Mean for Oil States International (OIS)? (Revised) - Tale of the Tape

Oil States International Inc. ( OIS ) has seen negative earnings estimate revisions for the current quarter and the current year. OIS also carries a Zacks Rank #5 (Strong Sell).

For the full year, we have seen 4 estimates moving down in the past 30 days, compared with no upward revision. Also, for the current quarter, Oil States International has seen 4 downward estimate revisions versus no revision in the opposite direction over the past 30 days.

OIS stock prices moved from $107.58 on May 30 to $61.61 on Jun 2. This price change is a direct result of the spin-off of the Accommodations business segment, Civeo Corporation, into a separately traded public company effective as of May 30, 2014. Civeo Corporation ( CVEO ) began regular way trading on the NYSE on June 2, 2014, as did OIS.

However, the adjusted closing price on May 30 was $61.47 and on Jun 2 was $61.61. OIS closed at $63.72 on Jun 17, 2014.

If you are still interested in the Oil Field Machinery & Equipment sector, you may consider some better-ranked stocks including Matrix Service Company ( MTRX ), Cameron International Corporation ( CAM ) and Weatherford International Ltd. ( WFT ). While Matrix Service carries a Zacks Rank #1 (Strong Buy), Cameron International and Weatherford International carry a Zacks Rank #2 (Buy) and may be better selections at this time.

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(We are reissuing this article to correct a mistake. The original article, issued on June 12, should no longer be relied upon.)

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OIL STATES INTL (OIS): Free Stock Analysis Report

CIVEO CORP (CVEO): Get Free Report

MATRIX SERVICE (MTRX): Free Stock Analysis Report

CAMERON INTL (CAM): Free Stock Analysis Report

WEATHERFORD INT (WFT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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