Oil States International (NYSE:OIS) Posts Earnings Results

Oil States International (NYSE:OIS) released its quarterly 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. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The company had revenue of $174.30 million for the quarter, compared to the consensus estimate of $192.09 million. During the same period in the previous year, the firm earned $0.09 EPS. Oil States International’s revenue was down 6.5% on a year-over-year basis.

Oil States International Price Performance

Shares of NYSE OIS traded up $0.01 during midday trading on Thursday, reaching $4.65. The company’s stock had a trading volume of 281,391 shares, compared to its average volume of 1,045,009. The company has a current ratio of 3.26, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $4.75 and a 200 day moving average price of $4.67. 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 $296.62 million, a price-to-earnings ratio of -154.67 and a beta of 2.65.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. 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 report on Monday, July 15th. 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 report on Friday, October 11th. StockNews.com upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, 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 report 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.