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

Oil States International (NYSE:OIS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other equities research analysts have also issued reports about the company. Susquehanna lowered their price objective on 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 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 research note on Friday, October 11th.

Oil States International Stock Performance

Shares of NYSE OIS opened at $5.16 on Monday. Oil States International has a one year low of $3.91 and a one year high of $6.53. The firm has a market capitalization of $325.46 million, a price-to-earnings ratio of -15.63 and a beta of 2.61. 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 business has a fifty day simple moving average of $5.23 and a 200 day simple moving average of $5.03.

Institutional Investors Weigh In On Oil States International

A hedge fund recently raised its stake in Oil States International stock. SG Americas Securities LLC raised its stake in Oil States International, Inc. (NYSE:OIS) by 83.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission. 97.44% of the stock is currently owned by 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.