Oil States International (NYSE:OIS) Stock Rating Upgraded by StockNews.com

Oil States International (NYSE:OIS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other equities research analysts also recently issued reports on OIS. Susquehanna reduced their price target on shares of Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Stifel Nicolaus decreased their price target on Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 11th.

Oil States International Trading Up 3.4 %

OIS opened at $5.23 on Wednesday. The business’s 50 day moving average price is $5.10 and its 200 day moving average price is $4.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. The stock has a market capitalization of $330.07 million, a PE ratio of -15.85 and a beta of 2.64. Oil States International has a one year low of $3.91 and a one year high of $6.81.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, meeting the consensus estimate 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 company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, equities research analysts expect that Oil States International will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Oil States International

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