Equities analysts predict that Oil States International, Inc. (NYSE:OIS – Get Rating) will announce sales of $159.77 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Oil States International’s earnings, with estimates ranging from $157.80 million to $161.50 million. Oil States International posted sales of $125.59 million in the same quarter last year, which would indicate a positive year over year growth rate of 27.2%. The company is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Oil States International will report full-year sales of $702.63 million for the current financial year, with estimates ranging from $698.80 million to $705.00 million. For the next financial year, analysts expect that the business will report sales of $805.97 million, with estimates ranging from $788.80 million to $835.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Oil States International.
Oil States International (NYSE:OIS – Get Rating) last released its quarterly earnings results on Wednesday, February 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.02). The business had revenue of $161.32 million for the quarter, compared to the consensus estimate of $160.00 million. Oil States International had a negative net margin of 11.16% and a negative return on equity of 6.35%. During the same period in the previous year, the business posted ($0.21) EPS.
Shares of OIS traded up $0.28 during trading hours on Thursday, hitting $7.07. 980,569 shares of the stock were exchanged, compared to its average volume of 1,095,338. Oil States International has a fifty-two week low of $4.42 and a fifty-two week high of $8.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.41 and a quick ratio of 1.46. The business has a 50-day moving average of $6.49 and a 200-day moving average of $6.16. The firm has a market capitalization of $437.58 million, a P/E ratio of -6.67 and a beta of 3.45.
A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in shares of Oil States International by 1,840.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 19,400 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 18,400 shares during the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of Oil States International during the third quarter valued at about $271,000. Yousif Capital Management LLC acquired a new position in shares of Oil States International during the fourth quarter valued at about $278,000. SG Americas Securities LLC acquired a new position in shares of Oil States International during the third quarter valued at about $482,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Oil States International by 45.0% during the third quarter. BNP Paribas Arbitrage SA now owns 123,619 shares of the oil and gas company’s stock valued at $790,000 after buying an additional 38,352 shares during the last quarter. Institutional investors and hedge funds own 87.08% of the company’s stock.
Oil States International Company Profile (Get Rating)
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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