Oil States International (OIS) to Release Earnings on Wednesday

Oil States International (NYSE:OIS) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Oil States International to post earnings of $0.04 per share for the quarter.

Oil States International (NYSE:OIS) last released its earnings results on Monday, July 29th. The oil and gas company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $186.40 million for the quarter, compared to analyst estimates of $183.40 million. Oil States International had a positive return on equity of 2.18% and a negative net margin of 0.25%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. 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 Price Performance

Oil States International stock opened at $4.30 on Wednesday. The company has a current ratio of 3.26, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $274.30 million, a P/E ratio of -143.33 and a beta of 2.65. The business has a 50-day moving average of $4.84 and a 200-day moving average of $4.73. Oil States International has a 1 year low of $3.91 and a 1 year high of $8.29.

Analyst Ratings Changes

Several equities research analysts have commented on OIS shares. Stifel Nicolaus lowered their target price on shares of Oil States International from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Susquehanna reduced their target price on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. StockNews.com upgraded Oil States International from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Piper Sandler cut their price objective on Oil States International from $7.50 to $5.50 and set a “neutral” rating on the stock in a report on Monday, July 15th.

About Oil States International

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.