Wall Street analysts predict that Oil States International, Inc. (NYSE:OIS) will announce $244.12 million in sales for the current quarter, Zacks reports. Seven analysts have made estimates for Oil States International’s earnings. The highest sales estimate is $247.26 million and the lowest is $242.80 million. Oil States International reported sales of $253.58 million in the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, April 24th.

According to Zacks, analysts expect that Oil States International will report full year sales of $1.09 billion for the current financial year, with estimates ranging from $1.06 billion to $1.13 billion. For the next year, analysts expect that the business will report sales of $1.29 billion, with estimates ranging from $1.19 billion to $1.43 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Oil States International.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Wednesday, February 13th. The oil and gas company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.06). The business had revenue of $274.12 million during the quarter, compared to the consensus estimate of $260.00 million. Oil States International had a negative net margin of 1.76% and a negative return on equity of 0.58%. The business’s revenue was up 49.2% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Oil States International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wells Fargo & Co raised Oil States International from a “market perform” rating to an “outperform” rating and set a $16.21 price target on the stock in a research report on Friday, March 29th. Raymond James raised Oil States International from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $26.00 to $27.00 in a research report on Wednesday, March 27th. They noted that the move was a valuation call. Finally, SunTrust Banks reissued a “buy” rating and set a $28.00 price target on shares of Oil States International in a research report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Oil States International currently has an average rating of “Hold” and an average target price of $32.20.

In related news, VP Philip Scott Moses sold 6,583 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $18.51, for a total transaction of $121,851.33. Following the sale, the vice president now owns 124,432 shares of the company’s stock, valued at $2,303,236.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of OIS. Lindbrook Capital LLC bought a new stake in Oil States International during the fourth quarter valued at about $44,000. Neuburgh Advisers LLC boosted its position in Oil States International by 50.3% during the fourth quarter. Neuburgh Advisers LLC now owns 7,840 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 2,624 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Oil States International during the fourth quarter valued at about $178,000. Canada Pension Plan Investment Board bought a new stake in Oil States International during the fourth quarter valued at about $204,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Oil States International during the fourth quarter valued at about $248,000.

Shares of OIS traded up $0.05 during midday trading on Tuesday, reaching $17.96. 754,876 shares of the stock were exchanged, compared to its average volume of 701,599. Oil States International has a 52 week low of $13.20 and a 52 week high of $38.95. The company has a current ratio of 2.95, a quick ratio of 1.79 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -149.67 and a beta of 2.32.

About Oil States International

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

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