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

Oil States International (NYSE:OIS) is scheduled to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Oil States International to post earnings of $0.04 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The business had revenue of $186.40 million for the quarter, compared to analyst estimates of $183.40 million. During the same period in the prior year, the business posted $0.01 earnings per share. Oil States International’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 Price Performance

OIS opened at $4.34 on Tuesday. The company has a fifty day moving average price of $4.80 and a two-hundred day moving average price of $4.69. The firm has a market capitalization of $276.85 million, a PE ratio of -144.67 and a beta of 2.65. Oil States International has a 52 week low of $3.91 and a 52 week high of $7.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 3.26.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OIS shares. Piper Sandler dropped their price objective on Oil States International from $7.50 to $5.50 and set a “neutral” rating for the company in a report on Monday, July 15th. StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. 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. Finally, 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.

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.