Zacks: Analysts Anticipate Oil States International, Inc. (NYSE:OIS) Will Announce Quarterly Sales of $176.90 Million

Wall Street brokerages expect Oil States International, Inc. (NYSE:OISGet Rating) to report sales of $176.90 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Oil States International’s earnings, with the lowest sales estimate coming in at $174.60 million and the highest estimate coming in at $180.10 million. Oil States International posted sales of $145.72 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Oil States International will report full-year sales of $727.90 million for the current fiscal year, with estimates ranging from $721.20 million to $737.50 million. For the next financial year, analysts anticipate that the firm will report sales of $843.80 million, with estimates ranging from $827.70 million to $865.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Oil States International.

Oil States International (NYSE:OISGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The business had revenue of $164.04 million during the quarter, compared to the consensus estimate of $159.77 million. Oil States International had a negative return on equity of 5.58% and a negative net margin of 9.42%.

OIS has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Oil States International in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research cut shares of Oil States International from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Piper Sandler boosted their target price on shares of Oil States International from $8.00 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th.

Shares of NYSE:OIS opened at $7.35 on Wednesday. The stock has a market capitalization of $454.90 million, a PE ratio of -7.66 and a beta of 3.21. Oil States International has a 1 year low of $4.42 and a 1 year high of $8.70. The firm has a fifty day moving average price of $6.95 and a 200 day moving average price of $6.21. The company has a current ratio of 2.12, a quick ratio of 1.24 and a debt-to-equity ratio of 0.20.

A number of institutional investors have recently added to or reduced their stakes in OIS. Nisa Investment Advisors LLC lifted its position in Oil States International by 1,840.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 19,400 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 18,400 shares during the last quarter. State of Tennessee Treasury Department raised its position in shares of Oil States International by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 23,175 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 3,512 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Oil States International by 23.8% during the first quarter. MetLife Investment Management LLC now owns 30,522 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 5,864 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in shares of Oil States International by 8.1% during the first quarter. Campbell & CO Investment Adviser LLC now owns 38,374 shares of the oil and gas company’s stock valued at $267,000 after buying an additional 2,874 shares during the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Oil States International during the third quarter valued at about $271,000. 85.22% of the stock is owned by hedge funds and other institutional investors.

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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