Oil States International (NYSE:OIS) Rating Increased 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 note issued to investors on Wednesday morning.

A number of other equities research analysts have also weighed in on OIS. 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 report on Friday, October 11th. Susquehanna decreased their price target on shares of 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 Up 3.3 %

Shares of NYSE OIS opened at $5.06 on Wednesday. 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 market cap of $319.34 million, a price-to-earnings ratio of -15.33 and a beta of 2.64. The business’s 50 day moving average price is $5.08 and its 200-day moving average price is $4.85.

Oil States International (NYSE:OIS) last released its earnings results 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. The business had revenue of $174.30 million for 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 revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. On average, sell-side analysts expect that Oil States International will post 0.18 earnings per share for the current year.

Institutional Trading of Oil States International

An institutional investor recently raised its position in Oil States International stock. SG Americas Securities LLC grew its holdings in Oil States International, Inc. (NYSE:OIS) by 83.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 reporting period. 97.44% of the stock is owned by institutional investors.

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.