Oil States International (NYSE:OIS) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Oil States International (NYSE:OIS) released its quarterly earnings data on Friday. The oil and gas company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03, Zacks reports. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%.

Oil States International Stock Performance

Shares of NYSE:OIS traded down $0.44 during trading hours on Friday, hitting $4.93. The stock had a trading volume of 828,721 shares, compared to its average volume of 440,178. The stock’s fifty day simple moving average is $5.22 and its 200 day simple moving average is $5.06. Oil States International has a 1-year low of $3.91 and a 1-year high of $6.53. The firm has a market capitalization of $310.94 million, a price-to-earnings ratio of -14.89 and a beta of 2.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research note on Saturday, February 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.