Oil States International (NYSE:OIS) Posts Quarterly Earnings Results, Hits Estimates

Oil States International (NYSE:OIS) announced its earnings results on Wednesday. The oil and gas company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04, Briefing.com reports. The company had revenue of $174.30 million for the quarter, compared to analyst estimates of $192.09 million. Oil States International had a positive return on equity of 2.18% and a negative net margin of 0.25%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share.

Oil States International Price Performance

OIS stock remained flat at $4.64 during midday trading on Thursday. The company had a trading volume of 234,975 shares, compared to its average volume of 1,044,788. The stock has a market capitalization of $295.99 million, a P/E ratio of -154.67 and a beta of 2.65. The company’s fifty day simple moving average is $4.75 and its 200 day simple moving average is $4.67. Oil States International has a fifty-two week low of $3.91 and a fifty-two week high of $7.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.26 and a quick ratio of 1.75.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OIS. Susquehanna lowered their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Piper Sandler lowered 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. StockNews.com raised shares of Oil States International from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Stifel Nicolaus lowered 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.

About Oil States International

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.