StockNews.com Upgrades Oil States International (NYSE:OIS) to “Hold”

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

OIS has been the topic of several other reports. Susquehanna reduced their target price 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 dropped their price target on 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.

Oil States International Stock Up 1.9 %

OIS stock opened at $5.33 on Wednesday. Oil States International has a 52 week low of $3.91 and a 52 week high of $6.74. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market cap of $336.38 million, a P/E ratio of -16.15 and a beta of 2.64. The company’s 50-day moving average price is $5.12 and its 200 day moving average price is $4.86.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, meeting 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 for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. On average, research analysts expect that Oil States International will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oil States International

An institutional investor recently raised its position in Oil States International stock. SG Americas Securities LLC lifted its holdings in Oil States International, Inc. (NYSE:OIS) by 83.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC. 97.44% of the stock is currently owned by hedge funds and other 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.