Oil States International (NYSE:OIS) Lowered 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 Thursday.

OIS has been the topic of several other reports. Susquehanna dropped their price target on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Stifel Nicolaus decreased 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 report on Friday, October 11th.

Oil States International Price Performance

Shares of OIS stock opened at $5.20 on Thursday. The firm has a market cap of $328.18 million, a P/E ratio of -15.76 and a beta of 2.64. The firm has a fifty day moving average of $5.20 and a two-hundred day moving average of $4.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83. Oil States International has a 1-year low of $3.91 and a 1-year high of $6.57.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The business had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. During the same period last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Oil States International will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A hedge fund recently raised its stake in Oil States International stock. BNP Paribas Financial Markets boosted its position in Oil States International, Inc. (NYSE:OIS) by 40.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,167 shares of the oil and gas company’s stock after purchasing an additional 14,654 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Oil States International worth $235,000 at the end of the most recent quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.