Oil States International (OIS) to Release Quarterly Earnings on Wednesday

Oil States International (NYSE:OIS - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Oil States International to post earnings of $0.04 per share for the quarter.

Oil States International (NYSE:OIS - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The business had revenue of $186.40 million for the quarter, compared to analysts' expectations of $183.40 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The business's revenue was up 1.6% compared to the same quarter last year. On average, analysts expect Oil States International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Oil States International Trading Down 1.6 %

OIS stock traded down $0.07 during mid-day trading on Wednesday, reaching $4.23. 639,457 shares of the stock traded hands, compared to its average volume of 1,056,309. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 3.26. Oil States International has a one year low of $3.91 and a one year high of $8.29. The stock has a market capitalization of $269.83 million, a PE ratio of -143.33 and a beta of 2.65. The business has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $4.73.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Susquehanna cut their price target 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. Piper Sandler cut 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 report on Monday, July 15th. StockNews.com upgraded shares of Oil States International from a "sell" rating to a "hold" rating in a report on Tuesday, July 30th. Finally, 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.

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.