Oil States International (NYSE:OIS) Announces Quarterly Earnings Results

Oil States International (NYSE:OIS) announced its earnings results on Wednesday. The oil and gas company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04, Briefing.com reports. The company had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. Oil States International’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.09 earnings per share.

Oil States International Price Performance

NYSE OIS traded down $0.20 during trading hours on Friday, hitting $4.53. 705,381 shares of the company’s stock traded hands, compared to its average volume of 1,045,863. Oil States International has a 52-week low of $3.91 and a 52-week high of $7.84. The company has a market capitalization of $288.97 million, a PE ratio of -13.73 and a beta of 2.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.75. The firm’s 50-day moving average is $4.73 and its 200-day moving average is $4.66.

Wall Street Analyst Weigh In

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

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.