Oil States International (NYSE:OIS) Posts Quarterly Earnings Results, Meets Estimates

Oil States International (NYSE:OIS) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04, Briefing.com reports. 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 $174.30 million during the quarter, compared to analyst estimates of $192.09 million. During the same period last year, the company earned $0.09 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis.

Oil States International Price Performance

Shares of OIS remained flat at $4.64 during midday trading on Thursday. The stock had a trading volume of 269,386 shares, compared to its average volume of 1,044,952. 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 fifty day moving average of $4.75 and a 200 day moving average of $4.67. The stock has a market capitalization of $295.99 million, a P/E ratio of -154.67 and a beta of 2.65. Oil States International has a 12 month low of $3.91 and a 12 month high of $7.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OIS shares. Susquehanna reduced their price objective on shares of 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. StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. 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. Finally, Piper Sandler lowered their price objective on shares of Oil States International from $7.50 to $5.50 and set a “neutral” rating for the company in a research 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.