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

Oil States International (NYSE:OIS) 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $186.40 million during the quarter, compared to the consensus estimate of $183.40 million. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. 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 %

Oil States International stock opened at $4.31 on Monday. Oil States International has a 52 week low of $3.91 and a 52 week high of $8.29. The stock has a market cap of $276.77 million, a price-to-earnings ratio of -107.75 and a beta of 2.65. The company’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $4.70. The company has a current ratio of 3.26, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

OIS has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Susquehanna cut their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, October 11th. StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Piper Sandler cut 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.