Wall Street analysts forecast that Oil States International, Inc. (NYSE:OIS) will announce sales of $188.60 million for the current quarter, Zacks reports. Five analysts have provided estimates for Oil States International’s earnings, with the highest sales estimate coming in at $198.01 million and the lowest estimate coming in at $172.40 million. Oil States International posted sales of $179.01 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The company is expected to report its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Oil States International will report full-year sales of $188.60 million for the current financial year, with estimates ranging from $673.20 million to $730.95 million. For the next year, analysts forecast that the firm will post sales of $921.99 million per share, with estimates ranging from $832.70 million to $978.62 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Oil States International.
Oil States International (NYSE:OIS) last released its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.03. Oil States International had a negative net margin of 7.52% and a negative return on equity of 3.94%. The company had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. During the same quarter in the prior year, the firm earned ($0.22) EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year.
OIS has been the topic of a number of research analyst reports. BMO Capital Markets restated a “hold” rating and set a $33.00 price target (down from $35.00) on shares of Oil States International in a research report on Friday, May 5th. BidaskClub upgraded Oil States International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Cowen and Company restated a “hold” rating and set a $30.00 price target on shares of Oil States International in a research report on Tuesday, July 11th. Wolfe Research lowered Oil States International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $35.00 price objective (down from $37.00) on shares of Oil States International in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.27.
A number of large investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its stake in shares of Oil States International by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 142,096 shares of the oil and gas company’s stock valued at $4,710,000 after buying an additional 7,224 shares during the period. Karp Capital Management Corp acquired a new stake in Oil States International during the first quarter worth $1,289,000. Meadow Creek Investment Management LLC increased its stake in Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock worth $115,000 after buying an additional 102 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Oil States International by 3.8% in the first quarter. UBS Asset Management Americas Inc. now owns 34,434 shares of the oil and gas company’s stock worth $1,141,000 after buying an additional 1,246 shares during the last quarter. Finally, US Bancorp DE increased its stake in Oil States International by 5.0% in the first quarter. US Bancorp DE now owns 6,605 shares of the oil and gas company’s stock worth $219,000 after buying an additional 317 shares during the last quarter.
Shares of Oil States International (NYSE OIS) traded down 2.82% during mid-day trading on Friday, reaching $24.15. The company’s stock had a trading volume of 1,353,946 shares. The firm’s market capitalization is $1.25 billion. Oil States International has a 12 month low of $23.65 and a 12 month high of $41.75. The company has a 50 day moving average of $27.21 and a 200-day moving average of $31.84.
Oil States International Company Profile
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.
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