Oil States International (NYSE:OIS) Issues Earnings Results

Oil States International (NYSE:OIS) issued its earnings results on Wednesday. The oil and gas company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04, Briefing.com reports. The business had revenue of $174.30 million for the quarter, compared to the consensus estimate of $192.09 million. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS.

Oil States International Stock Down 4.2 %

Shares of NYSE OIS traded down $0.20 during midday trading on Friday, reaching $4.53. 705,381 shares of the company’s stock traded hands, compared to its average volume of 1,045,863. The company has a quick ratio of 1.75, a current ratio of 3.40 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $4.73 and its 200-day simple moving average is $4.66. Oil States International has a one year low of $3.91 and a one year high of $7.84. The company has a market cap of $288.97 million, a price-to-earnings ratio of -13.73 and a beta of 2.65.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OIS shares. 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 research note on Friday, October 11th. Susquehanna dropped their target price 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 downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Piper Sandler dropped their price objective on shares of Oil States International from $7.50 to $5.50 and set a “neutral” rating on the stock in a research note on Monday, July 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.