Zacks: Analysts Expect Oil States International, Inc. (NYSE:OIS) Will Post Quarterly Sales of $244.37 Million

Wall Street brokerages expect Oil States International, Inc. (NYSE:OIS) to post $244.37 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Oil States International’s earnings, with estimates ranging from $241.99 million to $246.00 million. Oil States International reported sales of $274.12 million in the same quarter last year, which indicates a negative year-over-year growth rate of 10.9%. The company is scheduled to announce its next 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 year, with estimates ranging from $1.02 billion to $1.03 billion. For the next financial year, analysts forecast that the business will post sales of $1.07 billion, with estimates ranging from $1.04 billion to $1.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Oil States International.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 6.70% and a negative return on equity of 2.71%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share.

A number of equities analysts have weighed in on OIS shares. Morgan Stanley reduced their price objective on shares of Oil States International from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Wells Fargo & Co cut Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 target price for the company. in a research note on Thursday, September 12th. ValuEngine raised Oil States International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James decreased their target price on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada decreased their target price on Oil States International to $23.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Oil States International has an average rating of “Hold” and a consensus price target of $20.25.

NYSE:OIS traded up $0.18 during trading hours on Thursday, reaching $16.47. 365,943 shares of the company were exchanged, compared to its average volume of 611,122. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average is $13.74 and its 200-day moving average is $15.48. The firm has a market cap of $989.22 million, a PE 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.

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Oil States International by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,310 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 777 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Oil States International by 3.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,130 shares of the oil and gas company’s stock valued at $442,000 after buying an additional 900 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Oil States International by 20.8% during the 2nd quarter. Neuburgh Advisers LLC now owns 9,472 shares of the oil and gas company’s stock valued at $173,000 after buying an additional 1,632 shares during the last quarter. Natixis Advisors L.P. boosted its stake in shares of Oil States International by 4.0% during the 2nd quarter. Natixis Advisors L.P. now owns 49,554 shares of the oil and gas company’s stock valued at $907,000 after buying an additional 1,928 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in shares of Oil States International during the 2nd quarter valued at approximately $35,000.

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.

Featured Article: Are FAANG stocks a good investment?

Get a free copy of the Zacks research report on Oil States International (OIS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.