Equities research analysts predict that Oil States International, Inc. (NYSE:OIS) will report $177.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Oil States International’s earnings. The lowest sales estimate is $174.20 million and the highest is $180.10 million. Oil States International reported sales of $179.01 million in the same quarter last year, which indicates a negative year over year growth rate of 1.1%. The company is expected to issue its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Oil States International will report full year sales of $177.03 million for the current fiscal year, with estimates ranging from $680.00 million to $709.43 million. For the next financial year, analysts expect that the firm will report sales of $829.76 million per share, with estimates ranging from $700.00 million to $943.45 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Oil States International.

Oil States International (NYSE:OIS) last posted its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.03. The company had revenue of $171.40 million for the quarter, compared to the consensus estimate of $176.08 million. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. Oil States International’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.22) EPS.

Several research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Oil States International from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $55.00 to $32.00 in a report on Wednesday, June 21st. Loop Capital reiterated a “buy” rating on shares of Oil States International in a report on Monday, July 3rd. Zacks Investment Research downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Company downgraded shares of Oil States International from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a report on Friday, July 7th. Finally, Guggenheim downgraded shares of Oil States International from a “buy” rating to a “neutral” rating in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. increased its position in shares of Oil States International by 14.2% in the first quarter. Eagle Asset Management Inc. now owns 46,685 shares of the oil and gas company’s stock valued at $1,547,000 after buying an additional 5,793 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Oil States International by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 142,096 shares of the oil and gas company’s stock valued at $4,710,000 after buying an additional 7,224 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Oil States International during the first quarter valued at approximately $1,289,000. Meadow Creek Investment Management LLC increased its position in shares of Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 102 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Oil States International by 3.8% in the first quarter. UBS Asset Management Americas Inc. now owns 34,434 shares of the oil and gas company’s stock valued at $1,141,000 after buying an additional 1,246 shares during the last quarter.

Shares of Oil States International (NYSE OIS) opened at 22.05 on Thursday. The company’s 50-day moving average price is $25.89 and its 200-day moving average price is $30.58. Oil States International has a 12-month low of $21.85 and a 12-month high of $41.75. The firm’s market capitalization is $1.13 billion.

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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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