Wall Road brokerages forecast that Oil States Worldwide, Inc. (NYSE:OIS) will report $261.15 million in gross sales for the present quarter, Zacks reviews. Seven analysts have issued estimates for Oil States Worldwide’s earnings, with the very best gross sales estimate coming in at $267.50 million and the bottom estimate coming in at $256.06 million. Oil States Worldwide posted gross sales of $183.71 million throughout the identical quarter final yr, which might point out a constructive year-over-year development price of 42.2%. The corporate is predicted to report its subsequent earnings outcomes on Wednesday, February 13th.
On common, analysts anticipate that Oil States Worldwide will report full yr gross sales of $1.08 billion for the present yr, with estimates starting from $1.07 billion to $1.09 billion. For the subsequent fiscal yr, analysts forecast that the corporate will put up gross sales of $1.15 billion, with estimates starting from $1.02 billion to $1.25 billion. Zacks Funding Analysis’s gross sales averages are a median primarily based on a survey of sell-side analysts that cowl Oil States Worldwide.
Oil States Worldwide (NYSE:OIS) final introduced its quarterly earnings knowledge on Monday, October 29th. The oil and fuel firm reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The agency had income of $274.59 million for the quarter, in comparison with analyst estimates of $274.97 million. Oil States Worldwide had a destructive return on fairness of 0.44% and a destructive web margin of 4.28%. The corporate’s income was up 67.4% on a year-over-year foundation. Throughout the identical interval within the prior yr, the corporate earned ($0.30) EPS.
A number of equities analysts have lately commented on OIS shares. Zacks Investment Research upgraded Oil States Worldwide from a “promote” ranking to a “maintain” ranking in a analysis report on Wednesday, December 19th. Raymond James diminished their value goal on Oil States Worldwide from $40.00 to $35.00 and set an “outperform” ranking on the inventory in a analysis report on Tuesday, October 30th. Credit score Suisse Group set a $28.00 goal value on Oil States Worldwide and gave the corporate a “maintain” ranking in a report on Tuesday, October 30th. Royal Financial institution of Canada set a $44.00 goal value on Oil States Worldwide and gave the corporate a “maintain” ranking in a report on Thursday, December 20th. Lastly, ValuEngine lower Oil States Worldwide from a “maintain” ranking to a “promote” ranking in a report on Thursday, December 20th. Three analysts have rated the inventory with a promote ranking, eight have assigned a maintain ranking and three have given a purchase ranking to the corporate’s inventory. Oil States Worldwide at the moment has a consensus ranking of “Maintain” and a consensus goal value of $34.09.
Hedge funds and different institutional buyers have lately added to or diminished their stakes within the enterprise. Commonwealth Financial institution of Australia bought a brand new stake in Oil States Worldwide within the third quarter price roughly $325,000. Financial institution of New York Mellon Corp lifted its holdings in Oil States Worldwide by 0.8% within the third quarter. Financial institution of New York Mellon Corp now owns 1,594,316 shares of the oil and fuel firm’s inventory price $52,931,00Zero after shopping for a further 12,473 shares throughout the interval. Aperio Group LLC lifted its holdings in Oil States Worldwide by 2.7% within the third quarter. Aperio Group LLC now owns 72,748 shares of the oil and fuel firm’s inventory price $2,415,00Zero after shopping for a further 1,903 shares throughout the interval. Lecturers Retirement System of The State of Kentucky lifted its holdings in Oil States Worldwide by 27.4% within the third quarter. Lecturers Retirement System of The State of Kentucky now owns 17,183 shares of the oil and fuel firm’s inventory price $570,00Zero after shopping for a further 3,700 shares throughout the interval. Lastly, Metropolitan Life Insurance coverage Co. NY lifted its holdings in Oil States Worldwide by 11.3% within the 2nd quarter. Metropolitan Life Insurance coverage Co. NY now owns 19,494 shares of the oil and fuel firm’s inventory price $626,00Zero after shopping for a further 1,985 shares throughout the interval.
Shares of Oil States International stock traded up $0.13 throughout buying and selling on Monday, hitting $17.86. 635,502 shares of the inventory traded arms, in comparison with its common quantity of 645,652. The corporate has a present ratio of three.04, a fast ratio of 1.91 and a debt-to-equity ratio of 0.23. The agency has a market capitalization of $1.06 billion, a PE ratio of -16.85, a price-to-earnings-growth ratio of 38.38 and a beta of two.21. Oil States Worldwide has a 52 week low of $13.20 and a 52 week excessive of $38.95.
Oil States Worldwide Firm Profile
Oil States Worldwide, Inc, by its subsidiaries, gives oilfield services and products for the drilling, completion, subsea, manufacturing, and infrastructure sectors of the oil and fuel business worldwide. The corporate operates by three segments: Effectively Web site Providers, Downhole Applied sciences, and Offshore/Manufactured Merchandise.
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