Oil States International (NYSE:OIS) Stock Rating Lowered by StockNews.com

Oil States International (NYSE:OIS) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus reduced their price objective 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. Piper Sandler decreased their price objective on Oil States International from $7.50 to $5.50 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Finally, Susquehanna cut their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, October 11th.

Oil States International Trading Down 4.2 %

Oil States International stock opened at $4.53 on Friday. Oil States International has a 52-week low of $3.91 and a 52-week high of $7.84. The company has a market cap of $285.89 million, a P/E ratio of -13.73 and a beta of 2.64. The company has a quick ratio of 1.75, a current ratio of 3.40 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $4.73 and a two-hundred day simple moving average of $4.65.

Oil States International (NYSE:OIS) last announced its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The company had revenue of $174.30 million during the quarter, compared to analyst estimates of $192.09 million. During the same period in the previous year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts predict that Oil States International will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OIS. BNP Paribas Financial Markets lifted its position in shares of Oil States International by 202.1% in the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock valued at $322,000 after acquiring an additional 34,979 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Oil States International by 524.0% in the 1st quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 85,973 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Oil States International by 109.0% in the 1st quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company’s stock worth $2,031,000 after purchasing an additional 171,971 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Oil States International by 23.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 16,160 shares during the period. Finally, Gendell Jeffrey L grew its holdings in Oil States International by 8.0% during the 1st quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company’s stock valued at $17,848,000 after buying an additional 215,274 shares in the last 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.