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 on Thursday.

A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of 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 dropped 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 0.2 %

Shares of OIS stock opened at $5.20 on Thursday. Oil States International has a 12-month low of $3.91 and a 12-month high of $6.57. The company has a market capitalization of $328.18 million, a P/E ratio of -15.76 and a beta of 2.64. The firm has a 50-day moving average price of $5.20 and a 200 day moving average price of $4.89. The company has a quick ratio of 1.83, a current ratio of 3.40 and a debt-to-equity ratio of 0.18.

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 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 company had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis. Research analysts forecast that Oil States International will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Oil States International stock. SG Americas Securities LLC grew its stake in Oil States International, Inc. (NYSE:OIS) by 83.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,229 shares of the oil and gas company’s stock after buying 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 and hedge funds.

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.