Oil States International, Inc. (NYSE:OIS) – Equities research analysts at Capital One Financial Corporation increased their Q3 2017 EPS estimates for Oil States International in a note issued to investors on Thursday. Capital One Financial Corporation analyst J. Gibney now anticipates that the oil and gas company will post earnings per share of ($0.23) for the quarter, up from their previous estimate of ($0.24). Capital One Financial Corporation also issued estimates for Oil States International’s Q4 2017 earnings at ($0.14) EPS, FY2017 earnings at ($0.98) EPS, Q1 2018 earnings at ($0.19) EPS, Q2 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.47) EPS.

Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co decreased their price target on Oil States International from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. Cowen and Company reissued a “hold” rating and set a $30.00 price target on shares of Oil States International in a report on Tuesday, July 11th. Zacks Investment Research raised Oil States International from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Loop Capital decreased their price target on Oil States International from $44.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $44.00 price target on shares of Oil States International in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Oil States International currently has a consensus rating of “Hold” and an average target price of $31.27.

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Oil States International (OIS) opened at 23.20 on Monday. The company’s market capitalization is $1.19 billion. The firm has a 50-day moving average price of $24.54 and a 200-day moving average price of $26.82. Oil States International has a 52 week low of $20.90 and a 52 week high of $41.75.

Oil States International (NYSE:OIS) last announced its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The business had revenue of $171.40 million during 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 revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.22) earnings per share.

Several hedge funds have recently modified their holdings of the company. Archford Capital Strategies LLC increased its holdings in shares of Oil States International by 405,866.7% in the second quarter. Archford Capital Strategies LLC now owns 24,358 shares of the oil and gas company’s stock worth $1,266,000 after purchasing an additional 24,352 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Oil States International by 12.9% in the second quarter. Public Employees Retirement System of Ohio now owns 8,361 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 957 shares in the last quarter. Earnest Partners LLC purchased a new position in Oil States International in the second quarter worth about $53,922,000. State Street Corp grew its position in Oil States International by 2.5% in the second quarter. State Street Corp now owns 2,062,339 shares of the oil and gas company’s stock worth $55,992,000 after acquiring an additional 50,820 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its position in Oil States International by 25.0% in the second quarter. Balyasny Asset Management LLC now owns 80,850 shares of the oil and gas company’s stock worth $2,195,000 after acquiring an additional 16,173 shares in the last quarter.

About Oil States International

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.

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

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