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

Oil States International (NYSE:OIS) posted its earnings results on Friday. The oil and gas company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The company had revenue of $164.60 million during the quarter, compared to analyst estimates of $173.33 million.

Oil States International Trading Down 11.8 %

NYSE:OIS opened at $4.74 on Friday. The company’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.05. Oil States International has a 52 week low of $3.91 and a 52 week high of $6.53. The company has a quick ratio of 1.83, a current ratio of 3.40 and a debt-to-equity ratio of 0.18. The stock has a market cap of $298.83 million, a price-to-earnings ratio of -14.35 and a beta of 2.61.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Oil States International from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th.

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.