Oil States International, Inc. (OIS) Expected to Announce Quarterly Sales of $242.76 Million

Equities research analysts forecast that Oil States International, Inc. (NYSE:OIS) will report $242.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Oil States International’s earnings, with estimates ranging from $234.12 million to $246.71 million. Oil States International reported sales of $253.58 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.3%. The business is expected to announce its next earnings results on Wednesday, April 24th.

On average, analysts expect that Oil States International will report full-year sales of $1.08 billion for the current fiscal year, with estimates ranging from $1.04 billion to $1.12 billion. For the next year, analysts anticipate that the business will report sales of $1.28 billion, with estimates ranging from $1.06 billion to $1.42 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Oil States International.

Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, February 13th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The company had revenue of $274.12 million for the quarter, compared to analyst estimates of $260.00 million. Oil States International had a negative net margin of 1.76% and a negative return on equity of 0.58%. The company’s quarterly revenue was up 49.2% on a year-over-year basis. During the same period last year, the business earned ($0.18) EPS.

A number of equities research analysts have issued reports on the stock. SunTrust Banks reissued a “buy” rating and set a $28.00 target price on shares of Oil States International in a research note on Wednesday, February 20th. Wells Fargo & Co raised shares of Oil States International from a “market perform” rating to an “outperform” rating and set a $16.21 target price for the company in a research note on Friday, March 29th. Raymond James raised shares of Oil States International from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $26.00 to $27.00 in a research note on Wednesday, March 27th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Oil States International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, ValuEngine lowered shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.20.

Shares of NYSE:OIS opened at $17.75 on Tuesday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -147.92 and a beta of 2.32. Oil States International has a 12-month low of $13.20 and a 12-month high of $38.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.95 and a quick ratio of 1.79.

In related news, VP Philip Scott Moses sold 6,583 shares of Oil States International stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $18.51, for a total value of $121,851.33. Following the completion of the sale, the vice president now owns 124,432 shares of the company’s stock, valued at approximately $2,303,236.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Channing Capital Management LLC lifted its stake in shares of Oil States International by 2.5% in the 4th quarter. Channing Capital Management LLC now owns 1,708,690 shares of the oil and gas company’s stock valued at $24,400,000 after purchasing an additional 41,824 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Oil States International by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,594,316 shares of the oil and gas company’s stock valued at $52,931,000 after purchasing an additional 12,473 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Oil States International by 4.0% in the 4th quarter. New York State Common Retirement Fund now owns 905,171 shares of the oil and gas company’s stock valued at $12,926,000 after purchasing an additional 35,142 shares during the last quarter. Van ECK Associates Corp lifted its position in Oil States International by 56.5% during the 4th quarter. Van ECK Associates Corp now owns 771,202 shares of the oil and gas company’s stock worth $11,013,000 after acquiring an additional 278,329 shares during the last quarter. Finally, Norges Bank acquired a new position in Oil States International during the 4th quarter worth $10,792,000.

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 through 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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