Oil States International (NYSE:OIS) Releases Quarterly Earnings Results

Oil States International (NYSE:OIS) posted its earnings results on Friday. The oil and gas company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03, Zacks reports. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The firm had revenue of $164.60 million for the quarter, compared to analysts’ expectations of $173.33 million.

Oil States International Stock Down 11.8 %

Oil States International stock opened at $4.74 on Friday. Oil States International has a 1-year low of $3.91 and a 1-year high of $6.53. The firm has a market capitalization of $298.83 million, a price-to-earnings ratio of -14.35 and a beta of 2.61. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $5.21 and a 200 day simple moving average of $5.05.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th.

Oil States International Company Profile

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.