Oil States International (NYSE:OIS) Posts Quarterly Earnings Results, Meets Expectations

Oil States International (NYSE:OIS - Get Free Report) issued 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. Oil States International had a positive return on equity of 2.18% and a negative net margin of 0.25%. The company had revenue of $174.30 million for the quarter, compared to analyst estimates of $192.09 million. During the same period in the prior year, the firm earned $0.09 earnings per share. Oil States International's revenue for the quarter was down 6.5% on a year-over-year basis.

Oil States International Stock Up 1.9 %

NYSE OIS traded up $0.09 on Thursday, reaching $4.73. The company had a trading volume of 796,221 shares, compared to its average volume of 1,047,448. The stock has a market capitalization of $301.72 million, a P/E ratio of -14.33 and a beta of 2.65. The company's fifty day moving average is $4.75 and its 200 day moving average is $4.67. Oil States International has a 52-week low of $3.91 and a 52-week high of $7.84. The company has a quick ratio of 1.75, a current ratio of 3.26 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

OIS has been the topic of a number of research reports. Piper Sandler lowered their target price on 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 lowered their target price on Oil States International from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. StockNews.com raised Oil States International from a "sell" rating to a "hold" rating in a research report on Tuesday, July 30th. Finally, Susquehanna lowered their price target on Oil States International from $5.50 to $5.00 and set a "neutral" rating for the company in a research 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.