Wall Street analysts forecast that Oil States International, Inc. (NYSE:OIS) will announce sales of $166.71 million for the current quarter, Zacks reports. Six analysts have provided estimates for Oil States International’s earnings. The highest sales estimate is $175.43 million and the lowest is $151.25 million. Oil States International posted sales of $175.85 million during the same quarter last year, which suggests a negative year-over-year growth rate of 5.2%. The firm is expected to announce its next quarterly earnings report on Tuesday, July 25th.

According to Zacks, analysts expect that Oil States International will report full year sales of $166.71 million for the current financial year, with estimates ranging from $650.04 million to $742.11 million. For the next financial year, analysts expect that the business will post sales of $929.49 million per share, with estimates ranging from $784.91 million to $1.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Oil States International.

Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, April 26th. The oil and gas company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by $0.06. The firm had revenue of $151.50 million during the quarter, compared to the consensus estimate of $155.75 million. Oil States International had a negative return on equity of 2.12% and a negative net margin of 4.56%. The company’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.24) EPS.

Several analysts have recently issued reports on OIS shares. Scotiabank reiterated a “buy” rating and issued a $46.00 target price on shares of Oil States International in a research report on Wednesday, March 22nd. SunTrust Banks, Inc. started coverage on shares of Oil States International in a research report on Wednesday, January 18th. They issued a “hold” rating and a $42.00 target price on the stock. Piper Jaffray Companies lowered shares of Oil States International from an “overweight” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Thursday, February 16th. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $35.00 price target on shares of Oil States International and gave the stock a “hold” rating in a research note on Wednesday, April 12th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Oil States International has an average rating of “Buy” and an average price target of $40.09.

Institutional investors have recently bought and sold shares of the company. Thrivent Financial For Lutherans increased its position in Oil States International by 132.4% in the first quarter. Thrivent Financial For Lutherans now owns 1,405,426 shares of the oil and gas company’s stock valued at $46,590,000 after buying an additional 800,586 shares in the last quarter. Norges Bank purchased a new position in shares of Oil States International during the fourth quarter worth approximately $28,740,000. Thrivent Financial for Lutherans increased its position in shares of Oil States International by 956.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 604,840 shares of the oil and gas company’s stock worth $23,589,000 after buying an additional 547,590 shares during the period. Channing Capital Management LLC increased its position in shares of Oil States International by 13.3% in the first quarter. Channing Capital Management LLC now owns 1,770,664 shares of the oil and gas company’s stock worth $58,698,000 after buying an additional 207,675 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Oil States International during the third quarter worth approximately $5,167,000.

Shares of Oil States International (NYSE:OIS) opened at 29.45 on Friday. The stock’s market cap is $1.52 billion. Oil States International has a 52 week low of $27.07 and a 52 week high of $41.75. The firm has a 50-day moving average of $31.24 and a 200 day moving average of $34.78.

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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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