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

StockNews.com upgraded shares of Oil States International (NYSE:OIS) from a sell rating to a hold rating in a research report released on Wednesday morning.

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

Oil States International Stock Performance

OIS opened at $5.06 on Wednesday. The stock has a market capitalization of $319.34 million, a price-to-earnings ratio of -15.33 and a beta of 2.64. Oil States International has a fifty-two week low of $3.91 and a fifty-two week high of $6.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. The company has a fifty day moving average of $5.08 and a 200 day moving average of $4.85.

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

Institutional Investors Weigh In On Oil States International

A hedge fund recently raised its stake in Oil States International stock. SG Americas Securities LLC boosted its stake in shares of Oil States International, Inc. (NYSE:OIS) by 83.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,229 shares of the oil and gas company’s stock after buying an additional 10,087 shares during the period. SG Americas Securities LLC’s holdings in Oil States International were worth $102,000 at the end of the most recent quarter. Institutional investors own 97.44% of the company’s stock.

About Oil States International

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.