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

Oil States International (NYSE:OIS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also commented on OIS. Susquehanna decreased their target price on shares of Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Stifel Nicolaus decreased their target price on shares of Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 11th.

Oil States International Stock Performance

NYSE OIS opened at $5.20 on Thursday. Oil States International has a 52-week low of $3.91 and a 52-week high of $6.57. 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 firm has a 50-day moving average of $5.20 and a 200-day moving average of $4.89. The stock has a market cap of $328.18 million, a PE ratio of -15.76 and a beta of 2.64.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $192.09 million. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts anticipate 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 increased its holdings in shares of Oil States International, Inc. (NYSE:OIS) by 83.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,229 shares of the oil and gas company’s stock after buying an additional 10,087 shares during the period. SG Americas Securities LLC’s holdings in Oil States International were worth $102,000 at the end of the most recent quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.