Oil States International, Inc. (NYSE:OIS) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, OIS to report 3Q20 loss of $ 0.37 per share.
For the full year, analysts anticipate top line of $ 648.50 million, while looking forward to loss of $ 1.13 per share bottom line.
Previous Quarter Performance
Oil States International, Inc. outlined loss for the second quarter of $ 0.33 per share, from the revenue of $ 146.25 million. Street analysts expected Oil States International, Inc. to report loss of $ 0.47 per share on revenue of $ 154.42 million for the second quarter. The bottom line results beat street analysts by $ 0.14 or 29.79 percent, at the same time, top line results fell short of analysts by $ 8.17 million or 5.29 percent.
Stock Performance
Shares of Oil States International, Inc. traded low $ -0.23 or -8.36 percent on Wednesday, reaching $ 2.52 with volume of 965.00 thousand shares. Oil States International, Inc. has traded high as $ 2.65 and has cracked $ 2.46 on the downward trend
According to the previous trading day, closing price of $ 2.52, representing a 80.92 % increase from the 52 week low of $ 1.52 and a 84.56 % decrease over the 52 week high of $ 17.81.
The company has a market capital of $ 153.80 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
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 in 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.
