Brokerages expect that Oil States International, Inc. (NYSE:OIS) will announce sales of $227.17 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Oil States International’s earnings. The lowest sales estimate is $223.00 million and the highest is $231.00 million. Oil States International posted sales of $151.47 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The business is scheduled to report its next earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Oil States International will report full-year sales of $227.17 million for the current financial year, with estimates ranging from $951.77 million to $1.04 billion. For the next financial year, analysts anticipate 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 calculations are a mean average based on a survey of research analysts that cover Oil States International.

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

Several research firms recently issued reports on OIS. Wells Fargo upgraded Oil States International from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Royal Bank of Canada set a $29.00 target price on Oil States International and gave the stock a “hold” rating in a research report on Thursday, December 21st. JPMorgan Chase & Co. set a $29.00 target price on Oil States International and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, Piper Jaffray Companies set a $22.00 target price on Oil States International and gave the stock a “hold” rating in a research report on Saturday, February 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $28.50.

Oil States International (NYSE OIS) traded up $0.30 during trading hours on Tuesday, hitting $25.70. The company had a trading volume of 568,754 shares, compared to its average volume of 1,006,009. Oil States International has a 12-month low of $20.23 and a 12-month high of $34.72. The stock has a market capitalization of $1,578.39, a PE ratio of -14.88 and a beta of 1.87.

In related news, major shareholder Holdings B.V. Hcperf sold 5,925,050 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $25.79, for a total transaction of $152,807,039.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.97% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of OIS. Quantbot Technologies LP lifted its stake in shares of Oil States International by 193.8% in the 3rd quarter. Quantbot Technologies LP now owns 5,326 shares of the oil and gas company’s stock valued at $135,000 after purchasing an additional 3,513 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Oil States International in the 4th quarter valued at approximately $208,000. Leavell Investment Management Inc. bought a new stake in shares of Oil States International in the 4th quarter valued at approximately $226,000. Alps Advisors Inc. bought a new stake in shares of Oil States International in the 4th quarter valued at approximately $245,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Oil States International in the 3rd quarter valued at approximately $282,000. 97.37% of the stock is owned by institutional investors and hedge funds.

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

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