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

StockNews.com lowered shares of Oil States International (NYSE:OIS) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

A number of other brokerages have also recently issued reports on OIS. Stifel Nicolaus lowered their price target on shares of Oil States International from $12.00 to $10.00 and set a buy rating for the company in a research report on Tuesday, April 30th. Susquehanna lowered their price target on shares of Oil States International from $6.50 to $4.50 and set a neutral rating for the company in a research report on Monday, April 29th. Finally, Piper Sandler lowered their price target on shares of Oil States International from $8.00 to $7.50 and set a neutral rating for the company in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $8.00.

Oil States International Trading Up 2.5 %

Shares of OIS opened at $4.44 on Thursday. The firm’s 50-day moving average price is $4.43 and its 200-day moving average price is $5.52. The firm has a market capitalization of $285.09 million, a price-to-earnings ratio of -111.00 and a beta of 2.65. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.20. Oil States International has a 1-year low of $3.91 and a 1-year high of $9.02.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Oil States International had a negative net margin of 0.35% and a positive return on equity of 1.62%. The business had revenue of $167.26 million for the quarter, compared to analysts’ expectations of $190.08 million. Sell-side analysts anticipate that Oil States International will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OIS. GAMMA Investing LLC purchased a new position in shares of Oil States International during the fourth quarter valued at approximately $35,000. Public Employees Retirement System of Ohio raised its holdings in shares of Oil States International by 87.2% during the third quarter. Public Employees Retirement System of Ohio now owns 20,583 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 9,589 shares during the last quarter. Comerica Bank grew its position in Oil States International by 46.6% during the first quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 14,631 shares during the period. BNP Paribas Financial Markets grew its position in 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 valued at $322,000 after buying an additional 34,979 shares during the period. Finally, Cornercap Investment Counsel Inc. bought a new stake in Oil States International during the fourth quarter valued at approximately $400,000. 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.