Brokerages expect that Oil States International, Inc. (NYSE:OIS) will report earnings per share (EPS) of $0.04 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Oil States International’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.07. Oil States International reported earnings per share of ($0.27) in the same quarter last year, which would suggest a positive year-over-year growth rate of 114.8%. The business is expected to report its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Oil States International will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.17. For the next year, analysts anticipate that the business will post earnings of $0.68 per share, with EPS estimates ranging from $0.45 to $0.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Oil States International.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Monday, July 30th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $285.90 million for the quarter, compared to analysts’ expectations of $289.39 million. Oil States International had a negative net margin of 6.05% and a negative return on equity of 1.59%. The firm’s quarterly revenue was up 66.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.27) earnings per share.

A number of brokerages recently issued reports on OIS. ValuEngine cut shares of Oil States International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised shares of Oil States International from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, August 2nd. Credit Suisse Group lifted their price objective on shares of Oil States International from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. Stifel Nicolaus began coverage on shares of Oil States International in a research note on Monday, September 10th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Cowen decreased their price objective on shares of Oil States International from $36.00 to $33.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.86.

In other Oil States International news, VP Brian E. Taylor sold 2,380 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $34.05, for a total value of $81,039.00. Following the sale, the vice president now owns 17,082 shares in the company, valued at $581,642.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.97% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Sei Investments Co. boosted its position in Oil States International by 51.7% in the first quarter. Sei Investments Co. now owns 5,496 shares of the oil and gas company’s stock valued at $144,000 after buying an additional 1,873 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Oil States International by 11.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 19,494 shares of the oil and gas company’s stock valued at $626,000 after buying an additional 1,985 shares in the last quarter. Profund Advisors LLC boosted its position in Oil States International by 28.7% in the first quarter. Profund Advisors LLC now owns 10,428 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 2,328 shares in the last quarter. Alps Advisors Inc. boosted its position in Oil States International by 10.9% in the second quarter. Alps Advisors Inc. now owns 25,234 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 2,478 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in Oil States International by 3.0% in the first quarter. State of Tennessee Treasury Department now owns 93,169 shares of the oil and gas company’s stock valued at $2,441,000 after buying an additional 2,742 shares in the last quarter.

Shares of NYSE:OIS opened at $31.85 on Monday. The company has a market capitalization of $1.91 billion, a P/E ratio of -30.05, a PEG ratio of 13.11 and a beta of 1.64. The company has a current ratio of 3.83, a quick ratio of 2.39 and a debt-to-equity ratio of 0.24. Oil States International has a 1 year low of $20.23 and a 1 year high of $38.95.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

Recommended Story: Investing in Growth Stocks

Get a free copy of the Zacks research report on Oil States International (OIS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.