Oil States International (OIS) Set to Announce Earnings on Thursday

Oil States International (NYSE:OIS – Get Rating) is scheduled to release its earnings data after the market closes on Thursday, April 28th. Analysts expect Oil States International to post earnings of ($0.12) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Oil States International (NYSE:OIS – Get Rating) last announced its earnings results on Wednesday, February 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). The business had revenue of $161.32 million during the quarter, compared to the consensus estimate of $160.00 million. Oil States International had a negative net margin of 11.16% and a negative return on equity of 6.35%. During the same period in the previous year, the firm posted ($0.21) EPS. On average, analysts expect Oil States International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Oil States International stock opened at $7.71 on Thursday. The firm has a 50-day moving average of $6.63 and a 200-day moving average of $6.20. The stock has a market cap of $477.19 million, a PE ratio of -7.27 and a beta of 3.45. Oil States International has a 52-week low of $4.42 and a 52-week high of $8.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 2.41.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler boosted their target price on shares of Oil States International from $8.00 to $10.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com assumed coverage on shares of Oil States International in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Friday, February 18th.

An institutional investor recently raised its position in Oil States International stock. Public Employees Retirement System of Ohio boosted its stake in Oil States International, Inc. (NYSE:OIS – Get Rating) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,757 shares of the oil and gas company’s stock after purchasing an additional 17,435 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.24% of Oil States International worth $744,000 at the end of the most recent reporting period. 87.08% of the stock is owned by hedge funds and other institutional investors.

Oil States International Company Profile (Get Rating)

Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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