Oil States International (NYSE:OIS) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Oil States International (NYSE:OIS) from a hold rating to a sell rating in a research note published on Thursday morning.

OIS has been the subject of several other research reports. Stifel Nicolaus decreased their target price on Oil States International from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Susquehanna reduced 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.

Oil States International Trading Up 0.2 %

NYSE OIS opened at $5.20 on Thursday. The firm has a market capitalization of $328.18 million, a price-to-earnings ratio of -15.76 and a beta of 2.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. Oil States International has a one year low of $3.91 and a one year high of $6.57. The company’s 50 day moving average price is $5.20 and its 200 day moving average price is $4.90.

Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, meeting 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 business had revenue of $174.30 million for the quarter, compared to the consensus estimate of $192.09 million. During the same quarter last year, the firm posted $0.09 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Oil States International will post 0.18 EPS for the current 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 increased its holdings in Oil States International, Inc. (NYSE:OIS) by 83.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,229 shares of the oil and gas company’s stock after acquiring 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 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.