Analysts expect Oil States International, Inc. (NYSE:OIS) to announce earnings of ($0.22) per share for the current quarter, Zacks reports. Six analysts have provided estimates for Oil States International’s earnings, with the lowest EPS estimate coming in at ($0.24) and the highest estimate coming in at ($0.20). Oil States International posted earnings of ($0.19) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.8%. The business is scheduled to report its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Oil States International will report full year earnings of ($0.98) per share for the current financial year, with EPS estimates ranging from ($1.01) to ($0.91). For the next financial year, analysts forecast that the firm will report earnings of ($0.33) per share, with EPS estimates ranging from ($0.72) to $0.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Oil States International.

Oil States International (NYSE:OIS) last announced its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.03). The business 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 revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.22) EPS.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday. Loop Capital reduced their price objective on Oil States International from $44.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, August 1st. BidaskClub lowered Oil States International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co reduced their price objective on Oil States International from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. Finally, Cowen and Company reduced their price objective on Oil States International from $30.00 to $24.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 1st. One 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. The stock has a consensus rating of “Hold” and a consensus target price of $33.55.

Oil States International (NYSE OIS) opened at 25.45 on Thursday. The company has a 50-day moving average price of $22.94 and a 200 day moving average price of $27.96. The company’s market cap is $1.30 billion. Oil States International has a 12-month low of $20.90 and a 12-month high of $41.75.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Archford Capital Strategies LLC grew its position in shares of Oil States International by 405,866.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 24,358 shares of the oil and gas company’s stock valued at $1,266,000 after buying an additional 24,352 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Oil States International by 12.9% in 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 buying an additional 957 shares during the last quarter. Earnest Partners LLC bought a new stake in shares of Oil States International in the 2nd quarter valued at about $53,922,000. State Street Corp grew its position in shares of Oil States International by 2.5% in the 2nd quarter. State Street Corp now owns 2,062,339 shares of the oil and gas company’s stock valued at $55,992,000 after buying an additional 50,820 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its position in shares of Oil States International by 25.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 80,850 shares of the oil and gas company’s stock valued at $2,195,000 after buying an additional 16,173 shares during the last quarter.

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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