Oil States International (NYSE:OIS) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Oil States International (NYSE:OIS) from a hold rating to a sell rating in a report published on Friday morning.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus decreased their price objective on Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Susquehanna lowered their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Piper Sandler lowered their price objective on shares of Oil States International from $7.50 to $5.50 and set a “neutral” rating for the company in a research note on Monday, July 15th.

Oil States International Stock Performance

Oil States International stock opened at $4.72 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 3.40. The firm’s fifty day moving average price is $4.72 and its 200-day moving average price is $4.64. Oil States International has a fifty-two week low of $3.91 and a fifty-two week high of $7.80. The stock has a market cap of $297.88 million, a P/E ratio of -14.30 and a beta of 2.64.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The firm 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 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts expect that Oil States International will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oil States International

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in shares of Oil States International by 83.1% during the third quarter. SG Americas Securities LLC now owns 22,229 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 10,087 shares in the last quarter. Comerica Bank raised its stake in Oil States International by 46.6% during the first quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 14,631 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in 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 worth $322,000 after acquiring an additional 34,979 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Oil States International by 23.4% in the first quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock worth $525,000 after acquiring an additional 16,160 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Oil States International by 524.0% in the first quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock worth $631,000 after acquiring an additional 85,973 shares during 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.