Oil States International (OIS) Stock Is On A Significant Drop: What Should You Know?

Today, Oil States has already announced that on November 1, it will publish earnings for the third quarter of 2021, at 9:00. Central Time. By the way, on Monday, before the markets open, the results for the quarter ended September 30, 2021, will be discussed in the conference hall.

Amid the announcement, the stock price in the pre-market demonstrates a negative dynamics by over 7%. Before that, on Monday, it was closed at $7.19 after two days, it dramatically dropped to $6.61, losing 8%.

Besides, Oil States International is a global supplier of manufactured goods and services for the energy, industrial, and military industries. The company’s products include high-tech capital equipment and consumables. Oil States is based in Houston, Texas, and has manufacturing and service locations worldwide. Oil States is a publicly traded company that trades under the symbol “OIS” on the New York Stock Exchange.