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Oil States CEO Cindy Taylor. Source: Tudor Pickering
Oil States International (OIS) is expected to report quarterly earnings on April 22nd. Analysts expect revenue of $230.61 and EPS of -$0.20. The revenue estimate implies a 3% decline sequentially. Investors should focus on the following key items.
Headwinds In North America
OPEC supply cuts have buoyed oil prices and E&P in the oil patch for years. The demand side may not have justified the previous levels of E&P. Activity in the oil patch faced headwinds for much of 2019. Halliburton (HAL) previously