$176.38 Million in Sales Expected for Oil States International, Inc. (OIS) This Quarter

Wall Street brokerages expect Oil States International, Inc. (NYSE:OIS) to post $176.38 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Oil States International’s earnings. The highest sales estimate is $184.15 million and the lowest is $168.40 million. Oil States International posted sales of $169.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The firm is expected to report its next earnings results on Wednesday, February 21st.

On average, analysts expect that Oil States International will report full year sales of $176.38 million for the current financial year, with estimates ranging from $655.31 million to $671.07 million. For the next financial year, analysts anticipate that the business will post sales of $780.48 million per share, with estimates ranging from $707.90 million to $872.47 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Oil States International.

Oil States International (NYSE:OIS) last issued its earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. The business had revenue of $164.00 million for the quarter, compared to the consensus estimate of $166.94 million. Oil States International’s revenue for the quarter was down 8.4% on a year-over-year basis.

A number of equities research analysts have issued reports on OIS shares. Loop Capital set a $31.00 target price on shares of Oil States International and gave the company a “buy” rating in a report on Wednesday, November 1st. Scotiabank set a $41.00 target price on shares of Oil States International and gave the company a “buy” rating in a report on Thursday, October 19th. Raymond James Financial reissued a “buy” rating on shares of Oil States International in a report on Tuesday, December 12th. JPMorgan Chase & Co. set a $29.00 target price on shares of Oil States International and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.70.

Shares of Oil States International (NYSE OIS) opened at $32.60 on Friday. The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. Oil States International has a 1-year low of $20.23 and a 1-year high of $41.15. The stock has a market cap of $1,668.07, a price-to-earnings ratio of -28.60 and a beta of 1.68.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OIS. Earnest Partners LLC purchased a new position in shares of Oil States International during the 2nd quarter valued at $53,922,000. Rice Hall James & Associates LLC grew its position in shares of Oil States International by 452.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock valued at $16,623,000 after purchasing an additional 537,017 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Oil States International by 209.7% during the 2nd quarter. New York State Common Retirement Fund now owns 678,765 shares of the oil and gas company’s stock valued at $18,428,000 after purchasing an additional 459,598 shares in the last quarter. Wasatch Advisors Inc. purchased a new position in shares of Oil States International during the 4th quarter valued at $7,588,000. Finally, Van ECK Associates Corp grew its position in shares of Oil States International by 18.1% during the 3rd quarter. Van ECK Associates Corp now owns 546,072 shares of the oil and gas company’s stock valued at $13,843,000 after purchasing an additional 83,781 shares in the last quarter.

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Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

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Earnings History and Estimates for Oil States International (NYSE:OIS)

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