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

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

Several other equities analysts have also issued reports on OIS. Stifel Nicolaus cut their price objective 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. Susquehanna reduced their price target on Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Piper Sandler cut their target price on Oil States International from $7.50 to $5.50 and set a “neutral” rating on the stock in a research note on Monday, July 15th.

Oil States International Stock Down 4.2 %

NYSE OIS traded down $0.20 on Friday, reaching $4.53. 705,330 shares of the stock traded hands, compared to its average volume of 1,045,863. Oil States International has a 12 month low of $3.91 and a 12 month high of $7.84. The company has a market cap of $288.97 million, a price-to-earnings ratio of -13.73 and a beta of 2.65. The company has a fifty day moving average price of $4.75 and a 200-day moving average price of $4.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 3.40.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The firm had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. During the same period in the previous year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, research analysts forecast that Oil States International will post 0.19 EPS for the current fiscal year.

Institutional Trading of Oil States International

Several hedge funds and other institutional investors have recently made changes to their positions in OIS. SG Americas Securities LLC grew its stake in Oil States International by 83.1% during the 3rd quarter. SG Americas Securities LLC now owns 22,229 shares of the oil and gas company’s stock worth $102,000 after buying an additional 10,087 shares during the last quarter. Comerica Bank grew its stake in shares of 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 worth $284,000 after acquiring an additional 14,631 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Oil States International by 202.1% in the 1st quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock valued at $322,000 after purchasing an additional 34,979 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Oil States International by 23.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 16,160 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in Oil States International by 524.0% during the 1st quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 85,973 shares during the last quarter. Hedge funds and other institutional investors 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.