Oil States International, Inc. (NYSE:OIS) posted its quarterly earnings data on Thursday. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.02), Yahoo Finance reports. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The company had revenue of $164.00 million during the quarter, compared to the consensus estimate of $166.94 million. The business’s revenue was down 8.4% on a year-over-year basis.

Shares of Oil States International (OIS) traded down 2.05% during trading on Friday, hitting $21.55. 2,214,392 shares of the stock traded hands. The firm’s market capitalization is $1.10 billion. The firm has a 50-day moving average of $24.53 and a 200-day moving average of $26.58. Oil States International has a 1-year low of $20.23 and a 1-year high of $41.75.

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Several research firms recently weighed in on OIS. Loop Capital restated a “buy” rating on shares of Oil States International in a research report on Monday, July 3rd. Zacks Investment Research cut shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Wells Fargo & Company cut shares of Oil States International from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research report on Friday, July 7th. Guggenheim cut shares of Oil States International from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets dropped their target price on shares of Oil States International from $33.00 to $27.00 and set a “market perform” rating for the company in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Oil States International has a consensus rating of “Hold” and a consensus target price of $31.27.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

Earnings History for Oil States International (NYSE:OIS)

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