Oil States International (NYSE:OIS) Releases Earnings Results, Beats Expectations By $0.03 EPS

Oil States International (NYSE:OIS) announced its earnings results on Friday. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.

Oil States International Trading Down 11.8 %

Oil States International stock opened at $4.74 on Friday. The business has a 50 day moving average of $5.22 and a 200-day moving average of $5.06. Oil States International has a 1 year low of $3.91 and a 1 year high of $6.53. The company has a quick ratio of 1.83, a current ratio of 3.40 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a research note 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.