Oil States International (OIS) Scheduled to Post Earnings on Wednesday

Oil States International (NYSE:OIS) is scheduled to release its earnings data 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 posted its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Oil States International had a positive return on equity of 2.18% and a negative net margin of 0.25%. The firm had revenue of $186.40 million during the quarter, compared to the consensus estimate of $183.40 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. 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

Shares of Oil States International stock opened at $4.30 on Wednesday. The stock has a market cap of $274.30 million, a P/E ratio of -143.33 and a beta of 2.65. The company has a quick ratio of 1.75, a current ratio of 3.26 and a debt-to-equity ratio of 0.18. Oil States International has a 12-month low of $3.91 and a 12-month high of $8.29. The business’s 50 day moving average is $4.84 and its 200-day moving average is $4.73.

Wall Street Analyst Weigh In

OIS has been the subject of a number of recent analyst reports. Piper Sandler cut their price target on shares of 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. Stifel Nicolaus dropped their target price on shares of Oil States International from $10.00 to $9.00 and set a “buy” 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, Susquehanna dropped their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th.

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.