$274.56 Million in Sales Expected for Oil States International, Inc. (NYSE:OIS) This Quarter

Wall Street analysts predict that Oil States International, Inc. (NYSE:OIS) will post $274.56 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Oil States International’s earnings, with estimates ranging from $267.97 million to $292.00 million. Oil States International posted sales of $274.59 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0%. The business is scheduled to issue its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Oil States International will report full-year sales of $1.07 billion for the current year, with estimates ranging from $1.05 billion to $1.11 billion. For the next fiscal year, analysts expect that the business will report sales of $1.20 billion, with estimates ranging from $1.15 billion to $1.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Oil States International.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Monday, July 29th. The oil and gas company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). The company had revenue of $264.70 million during the quarter, compared to analysts’ expectations of $273.73 million. Oil States International had a negative net margin of 4.02% and a negative return on equity of 2.29%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share.

Several brokerages have commented on OIS. Zacks Investment Research lowered shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Royal Bank of Canada dropped their price target on shares of Oil States International to $23.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 30th. ValuEngine raised Oil States International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Cowen reissued a “market perform” rating and issued a $21.00 price objective (up from $18.00) on shares of Oil States International in a report on Monday, May 6th. Finally, Raymond James decreased their price objective on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Oil States International has an average rating of “Hold” and an average price target of $24.62.

Oil States International stock traded down $0.28 during mid-day trading on Thursday, hitting $13.51. The company had a trading volume of 335,328 shares, compared to its average volume of 887,704. The stock has a market cap of $834.40 million, a PE ratio of -112.58 and a beta of 2.26. Oil States International has a 1 year low of $11.73 and a 1 year high of $34.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.67. The business has a fifty day moving average of $15.49.

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Oil States International by 25.0% during the second quarter. Van ECK Associates Corp now owns 578,005 shares of the oil and gas company’s stock worth $10,577,000 after purchasing an additional 115,567 shares during the period. Parallel Advisors LLC acquired a new position in Oil States International during the second quarter valued at $35,000. Comerica Bank raised its position in Oil States International by 4.2% during the second quarter. Comerica Bank now owns 211,088 shares of the oil and gas company’s stock valued at $2,930,000 after buying an additional 8,482 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in Oil States International during the second quarter valued at $4,272,000. Finally, Emerald Advisers LLC acquired a new position in Oil States International during the second quarter valued at $4,688,000.

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 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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