Equities research analysts expect Oil States International, Inc. (NYSE:OIS – Get Rating) to announce sales of $159.77 million for the current quarter, according to Zacks. Three analysts have provided estimates for Oil States International’s earnings. The highest sales estimate is $161.50 million and the lowest is $157.80 million. Oil States International posted sales of $125.59 million in the same quarter last year, which suggests a positive year over year growth rate of 27.2%. The business is expected to issue its next quarterly earnings results after the market closes 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 anticipate that the firm will report sales of $812.63 million, with estimates ranging from $788.80 million to $855.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Oil States International.
Oil States International (NYSE:OIS – Get Rating) last released its quarterly earnings data on Wednesday, February 16th. The oil and gas company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The business had revenue of $161.32 million during the quarter, compared to analysts’ expectations 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 last year, the company earned ($0.21) earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of Oil States International by 1,840.0% in 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 purchasing an additional 18,400 shares during the period. Ensign Peak Advisors Inc purchased a new stake in shares of Oil States International in the third quarter valued at about $271,000. Yousif Capital Management LLC purchased a new stake in shares of Oil States International in the fourth quarter valued at about $278,000. Comerica Bank grew its holdings in shares of Oil States International by 3.8% in the first quarter. Comerica Bank now owns 54,251 shares of the oil and gas company’s stock valued at $418,000 after purchasing an additional 2,010 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Oil States International in the third quarter valued at about $482,000. Institutional investors and hedge funds own 87.08% of the company’s stock.
OIS opened at $6.48 on Thursday. 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 firm has a fifty day moving average price of $6.65 and a 200 day moving average price of $6.20. Oil States International has a 1 year low of $4.42 and a 1 year high of $8.70. The stock has a market cap of $401.06 million, a P/E ratio of -6.11 and a beta of 3.45.
About Oil States International (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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