Oil States International (OIS) Expected to Post Quarterly Sales of $227.09 Million

Wall Street brokerages predict that Oil States International (NYSE:OIS) will announce sales of $227.09 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Oil States International’s earnings, with estimates ranging from $223.00 million to $231.00 million. Oil States International reported sales of $151.47 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 49.9%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that Oil States International will report full year sales of $990.59 million for the current fiscal year, with estimates ranging from $951.77 million to $1.04 billion. For the next fiscal year, analysts expect that the company will post sales of $1.14 billion per share, with estimates ranging from $1.01 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Oil States International.

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Oil States International (NYSE:OIS) last announced its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.05. The firm had revenue of $183.70 million during the quarter, compared to analysts’ expectations of $175.66 million. Oil States International had a negative net margin of 12.65% and a negative return on equity of 4.57%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.20) earnings per share.



OIS has been the subject of a number of recent analyst reports. Wells Fargo upgraded shares of Oil States International from a “market perform” rating to an “outperform” rating in a research note on Friday, January 12th. Piper Jaffray set a $22.00 price target on shares of Oil States International and gave the company a “hold” rating in a research note on Saturday, February 17th. Royal Bank of Canada set a $30.00 price target on shares of Oil States International and gave the company a “hold” rating in a research note on Friday, February 16th. JPMorgan Chase reissued a “buy” rating and issued a $28.00 price objective (down from $29.00) on shares of Oil States International in a research report on Wednesday, February 21st. Finally, Evercore ISI lowered shares of Oil States International to an “outperform” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.73.

In other news, major shareholder Holdings B.V. Hcperf sold 5,925,050 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $25.79, for a total value of $152,807,039.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.97% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in OIS. Wasatch Advisors Inc. bought a new position in Oil States International during the fourth quarter worth about $7,588,000. Wedge Capital Management L L P NC increased its position in Oil States International by 42.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 703,466 shares of the oil and gas company’s stock worth $19,908,000 after acquiring an additional 209,628 shares during the period. Channing Capital Management LLC increased its position in Oil States International by 11.7% during the fourth quarter. Channing Capital Management LLC now owns 1,812,777 shares of the oil and gas company’s stock worth $51,313,000 after acquiring an additional 189,535 shares during the period. Schroder Investment Management Group bought a new position in Oil States International during the fourth quarter worth about $3,948,000. Finally, Thrivent Financial For Lutherans increased its position in Oil States International by 4.0% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,663,617 shares of the oil and gas company’s stock worth $47,081,000 after acquiring an additional 64,731 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of OIS stock opened at $32.60 on Monday. The firm has a market capitalization of $1,956.49, a price-to-earnings ratio of -30.75 and a beta of 1.75. Oil States International has a one year low of $20.23 and a one year high of $34.72.

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Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and gas companies worldwide. It operates through two segments, Well Site Services and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.

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

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