Brokerages expect Oil States International, Inc. (NYSE:OIS) to announce sales of $183.40 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Oil States International’s earnings, with the highest sales estimate coming in at $190.60 million and the lowest estimate coming in at $174.55 million. Oil States International reported sales of $169.93 million in the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The firm is expected to report its next earnings report on Wednesday, February 21st.

On average, analysts expect that Oil States International will report full-year sales of $183.40 million for the current financial year, with estimates ranging from $661.09 million to $709.43 million. For the next financial year, analysts forecast that the firm will post sales of $816.99 million per share, with estimates ranging from $700.00 million to $925.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Oil States International.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.02). The firm had revenue of $164.00 million during the quarter, compared to the consensus estimate of $166.94 million. Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. Oil States International’s quarterly revenue was down 8.4% compared to the same quarter last year.

OIS has been the subject of several recent analyst reports. Scotiabank set a $41.00 price objective on shares of Oil States International and gave the stock a “buy” rating in a report on Tuesday, August 1st. Loop Capital dropped their price objective on shares of Oil States International from $44.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and set a $30.00 price objective on shares of Oil States International in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $24.00 price objective on shares of Oil States International in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Oil States International currently has an average rating of “Hold” and a consensus target price of $30.45.

Shares of Oil States International (OIS) traded up 2.71% during mid-day trading on Tuesday, reaching $22.75. The company had a trading volume of 392,698 shares. The company’s 50-day moving average price is $24.47 and its 200-day moving average price is $26.29. Oil States International has a 52-week low of $20.23 and a 52-week high of $41.75. The company’s market capitalization is $1.16 billion.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in OIS. LS Investment Advisors LLC grew its stake in shares of Oil States International by 17.5% during the second quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 612 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in Oil States International by 95.8% in the second quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 2,394 shares during the last quarter. Winch Advisory Services LLC boosted its stake in Oil States International by 113.1% in the second quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 3,049 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in Oil States International in the second quarter valued at approximately $159,000. Finally, OppenheimerFunds Inc. bought a new position in Oil States International in the first quarter valued at approximately $211,000.

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.

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

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