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 report published on Friday morning.

A number of other equities analysts have also weighed in on the stock. 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 report on Friday, October 11th. Stifel Nicolaus dropped their target price 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. Finally, Piper Sandler cut their price target on Oil States International from $7.50 to $5.50 and set a “neutral” rating for the company in a research note on Monday, July 15th.

Oil States International Price Performance

Shares of Oil States International stock opened at $4.72 on Friday. The stock has a market cap of $297.88 million, a P/E ratio of -14.30 and a beta of 2.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 3.40. The stock’s fifty day moving average is $4.72 and its 200 day moving average is $4.64. Oil States International has a one year low of $3.91 and a one year high of $7.80.

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, hitting the consensus estimate of $0.04. The firm had revenue of $174.30 million for the quarter, compared to the consensus estimate 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. Sell-side analysts anticipate that Oil States International will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On Oil States International

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in shares of Oil States International by 202.1% during the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock worth $322,000 after acquiring an additional 34,979 shares during the last quarter. Quantbot Technologies LP lifted its stake in Oil States International by 524.0% in the 1st quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 85,973 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Oil States International by 109.0% during the 1st quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company’s stock valued at $2,031,000 after purchasing an additional 171,971 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Oil States International by 23.4% during the first quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 16,160 shares in the last quarter. Finally, Gendell Jeffrey L increased its holdings in shares of Oil States International by 8.0% in the first quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company’s stock worth $17,848,000 after purchasing an additional 215,274 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.