Oil States International (NYSE:OIS) Upgraded to Hold at StockNews.com

by · The Cerbat Gem

Oil States International (NYSE:OIS – Get Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other equities research analysts also recently commented on OIS. Susquehanna decreased their target price on Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Stifel Nicolaus decreased their price objective on shares of Oil States International from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 11th.

Check Out Our Latest Stock Report on OIS

Oil States International Stock Performance

Shares of NYSE OIS traded up $0.16 during midday trading on Wednesday, reaching $5.06. The company had a trading volume of 356,504 shares, compared to its average volume of 972,069. Oil States International has a 1 year low of $3.91 and a 1 year high of $6.95. The business’s 50-day simple moving average is $5.08 and its 200 day simple moving average is $4.85. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The stock has a market cap of $319.34 million, a P/E ratio of -15.33 and a beta of 2.64.

Oil States International (NYSE:OIS – Get Free Report) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The company had revenue of $174.30 million during the quarter, compared to analyst estimates of $192.09 million. During the same quarter last year, the business posted $0.09 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts forecast that Oil States International will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oil States International stock. BNP Paribas Financial Markets lifted its position in shares of Oil States International, Inc. (NYSE:OIS – Free Report) by 40.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,167 shares of the oil and gas company’s stock after acquiring an additional 14,654 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of Oil States International worth $235,000 as of its most recent SEC filing. 97.44% of the stock is owned by institutional investors and hedge funds.

Oil States International Company Profile

(Get Free Report)

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through 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.

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