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

Oil States International (NYSE:OIS) released its earnings results on Monday. The oil and gas company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03, Briefing.com reports. The firm had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $183.40 million. Oil States International had a positive return on equity of 1.62% and a negative net margin of 0.35%. Oil States International’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS.

Oil States International Stock Performance

NYSE:OIS traded up $0.14 during trading hours on Tuesday, reaching $5.53. 489,051 shares of the company’s stock were exchanged, compared to its average volume of 1,193,839. The company has a 50-day moving average of $4.36 and a 200 day moving average of $5.18. Oil States International has a 1-year low of $3.91 and a 1-year high of $8.92. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $355.08 million, a price-to-earnings ratio of -134.75 and a beta of 2.67.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Susquehanna upped their target price on shares of Oil States International from $4.50 to $5.50 and gave the stock a “neutral” rating in a research note on Tuesday. Stifel Nicolaus dropped their price objective on Oil States International from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. StockNews.com cut Oil States International from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. Finally, Piper Sandler dropped their price target 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.75.

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.