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

Wall Street brokerages predict that Oil States International, Inc. (NYSE:OIS) will post $244.37 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Oil States International’s earnings. The lowest sales estimate is $241.99 million and the highest is $246.00 million. Oil States International posted sales of $274.12 million in the same quarter last year, which would indicate a negative year over year growth rate of 10.9%. The company is scheduled to issue its next quarterly earnings report 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 financial year, with estimates ranging from $1.02 billion to $1.03 billion. For the next fiscal year, analysts anticipate that the firm will post 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 analysts that follow Oil States International.

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

Several research firms have recently issued reports on OIS. Wells Fargo & Co downgraded Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research note on Thursday, September 12th. G.Research reiterated a “buy” rating on shares of Oil States International in a research report on Monday, October 28th. Finally, Morgan Stanley reduced their target price on shares of Oil States International from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Oil States International currently has a consensus rating of “Hold” and an average price target of $20.25.

Several hedge funds have recently modified their holdings of the company. Emerald Advisers LLC acquired a new position in shares of Oil States International in the 2nd quarter worth approximately $4,688,000. Emerald Mutual Fund Advisers Trust acquired a new position in Oil States International in the second quarter valued at $4,272,000. Van ECK Associates Corp lifted its holdings in Oil States International by 25.0% in the second 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. Bank of New York Mellon Corp boosted its position in Oil States International by 9.6% during the second 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 acquiring an additional 84,471 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Oil States International by 17.9% during the second quarter. Parametric Portfolio Associates LLC now owns 267,935 shares of the oil and gas company’s stock valued at $4,903,000 after acquiring an additional 40,585 shares during the last quarter.

Oil States International stock traded down $0.28 during trading hours on Friday, hitting $15.65. The stock had a trading volume of 52,824 shares, compared to its average volume of 374,183. The business’s 50 day simple moving average is $14.92 and its 200-day simple moving average is $15.12. Oil States International has a one year low of $11.73 and a one year high of $23.42. The stock has a market cap of $964.41 million, a price-to-earnings ratio of -130.38 and a beta of 2.36. The company has a quick ratio of 1.42, a current ratio of 2.48 and a debt-to-equity ratio of 0.20.

About Oil States International

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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