Oil States International (OIS) Set to Announce Quarterly Earnings on Monday

Oil States International (NYSE:OIS) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, July 29th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Oil States International had a positive return on equity of 1.62% and a negative net margin of 0.35%. The company had revenue of $167.26 million for the quarter, compared to analyst estimates of $190.08 million. On average, analysts expect Oil States International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Oil States International Stock Performance

Oil States International stock opened at $4.74 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.31 and a quick ratio of 1.83. The stock has a fifty day moving average price of $4.34 and a two-hundred day moving average price of $5.19. Oil States International has a 52-week low of $3.91 and a 52-week high of $8.92. The firm has a market capitalization of $304.38 million, a P/E ratio of -118.50 and a beta of 2.67.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OIS. Susquehanna lowered their target price on Oil States International from $6.50 to $4.50 and set a “neutral” rating for the company in a research note on Monday, April 29th. Stifel Nicolaus lowered their target price on Oil States International from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. StockNews.com lowered Oil States International from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. Finally, Piper Sandler lowered their target price on Oil States International from $7.50 to $5.50 and set a “neutral” rating for the company in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Oil States International has a consensus rating of “Hold” and an average price target of $7.50.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.