Oil States International (NYSE:OIS) Rating Lowered to Sell at StockNews.com

Oil States International (NYSE:OIS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

OIS has been the subject of a number of other reports. Stifel Nicolaus decreased their target price on 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. Susquehanna decreased their price objective on shares of Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, October 11th.

Oil States International Stock Performance

Oil States International stock opened at $5.20 on Thursday. The company has a market capitalization of $328.18 million, a price-to-earnings ratio of -15.76 and a beta of 2.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. Oil States International has a fifty-two week low of $3.91 and a fifty-two week high of $6.57. The stock has a fifty day moving average of $5.16 and a two-hundred day moving average of $4.88.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $174.30 million for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. On average, analysts anticipate that Oil States International will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

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

Oil States International Company Profile

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.