Oil States International (NYSE:OIS) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Oil States International (NYSE:OIS) from a sell rating to a hold rating in a research report released on Saturday.

Oil States International Stock Down 0.4 %

OIS opened at $5.43 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83. The business has a 50 day simple moving average of $5.21 and a 200-day simple moving average of $5.05. The stock has a market capitalization of $342.50 million, a P/E ratio of -16.44 and a beta of 2.61. Oil States International has a 12 month low of $3.91 and a 12 month high of $6.53.

Institutional Trading of Oil States International

Several hedge funds have recently modified their holdings of OIS. SG Americas Securities LLC lifted its holdings in shares of Oil States International by 83.1% in the 3rd quarter. SG Americas Securities LLC now owns 22,229 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 10,087 shares during the period. BNP Paribas Financial Markets increased its position in Oil States International by 40.1% during the third quarter. BNP Paribas Financial Markets now owns 51,167 shares of the oil and gas company’s stock worth $235,000 after buying an additional 14,654 shares in the last quarter. Quantbot Technologies LP purchased a new position in Oil States International during the fourth quarter worth $128,000. Marshall Wace LLP purchased a new position in Oil States International during the fourth quarter worth $97,000. Finally, MetLife Investment Management LLC increased its position in Oil States International by 82.4% during the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock worth $191,000 after buying an additional 17,019 shares in the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

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.