Oil States International (OIS) Set to Announce Quarterly Earnings on Wednesday

Oil States International (NYSE:OIS) is scheduled to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Oil States International to post earnings of $0.04 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Oil States International (NYSE:OIS) last announced its earnings results on Monday, July 29th. The oil and gas company reported $0.07 EPS for the quarter, topping the consensus estimate 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 company had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $183.40 million. During the same period last year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. 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 Stock Up 3.1 %

OIS stock opened at $4.31 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.26 and a quick ratio of 1.75. The firm has a market capitalization of $276.77 million, a P/E ratio of -107.75 and a beta of 2.65. Oil States International has a 52-week low of $3.91 and a 52-week high of $8.29. The company’s 50 day simple moving average is $4.80 and its 200-day simple moving average is $4.70.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Oil States International from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 11th. Susquehanna reduced their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. StockNews.com upgraded Oil States International from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Piper Sandler decreased their price target on shares of Oil States International from $7.50 to $5.50 and set a “neutral” rating for the company in a report on Monday, July 15th.

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.