Analysts expect Oil States International, Inc. (NYSE:OIS) to post sales of $177.76 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Oil States International’s earnings, with estimates ranging from $168.40 million to $186.10 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 4.6%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Oil States International will report full-year sales of $177.76 million for the current year, with estimates ranging from $655.31 million to $673.00 million. For the next year, analysts expect that the business will post sales of $782.16 million per share, with estimates ranging from $725.47 million to $905.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Oil States International.

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

Several research firms have recently weighed in on OIS. Zacks Investment Research downgraded Oil States International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Cowen set a $24.00 target price on Oil States International and gave the stock a “hold” rating in a research note on Friday, October 6th. Loop Capital set a $31.00 target price on Oil States International and gave the stock a “buy” rating in a research note on Wednesday, November 1st. BMO Capital Markets restated a “hold” rating and issued a $24.00 target price on shares of Oil States International in a research note on Wednesday, September 6th. Finally, J P Morgan Chase & Co cut their target price on Oil States International from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Oil States International currently has an average rating of “Hold” and an average price target of $30.00.

Oil States International (NYSE:OIS) opened at $22.85 on Friday. The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. Oil States International has a 12 month low of $20.23 and a 12 month high of $41.75.

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its position in shares of Oil States International by 0.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 34,672 shares of the oil and gas company’s stock valued at $941,000 after acquiring an additional 238 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Oil States International by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock valued at $592,000 after acquiring an additional 400 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Oil States International by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 612 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Oil States International by 12.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,361 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 957 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Oil States International by 20.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,200 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 1,700 shares during the last quarter.

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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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