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

Oil States International (NYSE:OIS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Oil States International Stock Performance

NYSE:OIS opened at $5.43 on Friday. The firm’s 50-day moving average is $5.21 and its 200-day moving average is $5.05. Oil States International has a 52-week low of $3.91 and a 52-week high of $6.53. 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 $342.50 million, a price-to-earnings ratio of -16.44 and a beta of 2.61.

Institutional Trading of Oil States International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OIS. SG Americas Securities LLC increased its stake in Oil States International by 83.1% in 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 acquiring an additional 10,087 shares during the period. BNP Paribas Financial Markets increased its stake in Oil States International by 40.1% in the third quarter. BNP Paribas Financial Markets now owns 51,167 shares of the oil and gas company’s stock valued at $235,000 after acquiring an additional 14,654 shares during the period. Quantbot Technologies LP bought a new stake in Oil States International in the fourth quarter valued at about $128,000. Marshall Wace LLP bought a new stake in Oil States International in the fourth quarter valued at about $97,000. Finally, MetLife Investment Management LLC increased its stake in Oil States International by 82.4% in the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 17,019 shares during the period. 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.