Oil States International, Inc. (NYSE:OIS) Expected to Post Quarterly Sales of $244.37 Million

Equities research analysts forecast that Oil States International, Inc. (NYSE:OIS) will report sales of $244.37 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Oil States International’s earnings, with the lowest sales estimate coming in at $241.99 million and the highest estimate coming in at $246.00 million. Oil States International reported sales of $274.12 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.9%. The firm is scheduled to announce its next earnings results on Wednesday, February 12th.

According to Zacks, analysts expect that Oil States International will report full-year sales of $1.02 billion for the current fiscal year, with estimates ranging from $1.02 billion to $1.03 billion. For the next financial year, analysts anticipate that the company will report sales of $1.07 billion, with estimates ranging from $1.04 billion to $1.12 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Oil States International.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. The firm had revenue of $263.70 million for the quarter, compared to the consensus estimate of $266.70 million. Oil States International had a negative return on equity of 2.71% and a negative net margin of 6.70%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS.

Several research firms have issued reports on OIS. ValuEngine upgraded Oil States International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Royal Bank of Canada lowered their price target on Oil States International to $23.00 and set a “sector perform” rating for the company in a report on Tuesday, July 30th. G.Research reissued a “buy” rating on shares of Oil States International in a report on Monday, October 28th. Morgan Stanley lowered their price target on Oil States International from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Finally, Wells Fargo & Co cut Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price target for the company. in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.25.

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NYSE OIS traded up $0.18 on Thursday, hitting $16.47. 365,943 shares of the company were exchanged, compared to its average volume of 611,122. The company’s 50 day moving average price is $13.74 and its 200-day moving average price is $15.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.48 and a quick ratio of 1.42. The firm has a market capitalization of $989.22 million, a P/E ratio of -137.25 and a beta of 2.29. Oil States International has a twelve month low of $11.73 and a twelve month high of $24.00.

Several institutional investors have recently bought and sold shares of the company. Earnest Partners LLC grew its position in shares of Oil States International by 0.7% in the 2nd quarter. Earnest Partners LLC now owns 2,079,679 shares of the oil and gas company’s stock valued at $38,058,000 after buying an additional 14,123 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Oil States International by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 961,883 shares of the oil and gas company’s stock valued at $17,603,000 after buying an additional 84,471 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Oil States International by 1.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 581,157 shares of the oil and gas company’s stock valued at $7,729,000 after buying an additional 11,012 shares during the period. Van ECK Associates Corp increased its stake in shares of Oil States International by 25.0% in the 2nd quarter. Van ECK Associates Corp now owns 578,005 shares of the oil and gas company’s stock valued at $10,577,000 after buying an additional 115,567 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Oil States International by 17.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 267,935 shares of the oil and gas company’s stock valued at $4,903,000 after buying an additional 40,585 shares during the period.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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

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