Oil States International (OIS) Releases Quarterly Earnings Results
Oil States International (NYSE:OIS) issued its quarterly earnings data on Thursday. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.87 by $1.02, Analyst Ratings Network reports.
Shares of Oil States International (NYSE:OIS) traded down 1.97% on Thursday, hitting $61.29. The stock had a trading volume of 1,001,892 shares. Oil States International has a 52-week low of $50.4057 and a 52-week high of $65.77. The stock has a 50-day moving average of $63.36 and a 200-day moving average of $58.05. The company has a market cap of $3.252 billion and a P/E ratio of 8.91. Oil States International also saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,188,523 shares, a decline of 50.3% from the June 13th total of 2,389,909 shares. Based on an average daily volume of 946,891 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.3% of the company’s shares are sold short.
OIS has been the subject of a number of recent research reports. Analysts at Robert W. Baird initiated coverage on shares of Oil States International in a research note on Tuesday, July 15th. They set an “outperform” rating and a $76.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of Oil States International from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 2nd. They now have a $62.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Oil States International from $110.00 to $68.00 in a research note on Monday, June 9th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Oil States International presently has an average rating of “Hold” and a consensus price target of $89.42.
Oil States International, Inc (NYSE:OIS) through its subsidiaries, is a provider of specialty products and services to natural resources companies worldwide.
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