Oil States International (NYSE:OIS) Releases Earnings Results

Oil States International (NYSE:OIS) announced its quarterly earnings data on Monday. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03, Briefing.com reports. The company 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 1.62% and a negative net margin of 0.35%. Oil States International’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS.

Oil States International Price Performance

Shares of OIS stock traded up $0.14 during trading hours on Tuesday, reaching $5.53. 489,051 shares of the company were exchanged, compared to its average volume of 1,193,839. 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 company has a market cap of $355.08 million, a price-to-earnings ratio of -134.75 and a beta of 2.67. The stock’s fifty day moving average is $4.36 and its two-hundred day moving average is $5.18. Oil States International has a fifty-two week low of $3.91 and a fifty-two week high of $8.92.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OIS shares. Stifel Nicolaus dropped their price objective on shares of 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. Susquehanna boosted their target price on Oil States International from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Tuesday. StockNews.com cut Oil States International from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. Finally, Piper Sandler decreased their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.75.

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.