Oil States International (NYSE:OIS) Stock Rating Lowered by StockNews.com

Oil States International (NYSE:OIS – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Oil States International from a “d+” rating to a “c-” rating in a report on Monday, January 30th. Piper Sandler upped their price objective on shares of Oil States International from $5.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 18th. Finally, Susquehanna increased their price target on shares of Oil States International from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, February 21st.

Oil States International Stock Performance

NYSE:OIS opened at $9.13 on Wednesday. Oil States International has a twelve month low of $3.51 and a twelve month high of $10.44. The company has a current ratio of 2.39, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $583.41 million, a price-to-earnings ratio of -57.06 and a beta of 2.98. The firm’s fifty day simple moving average is $8.23 and its 200 day simple moving average is $6.48.

Oil States International (NYSE:OIS – Get Rating) last announced its quarterly earnings data on Friday, February 17th. The oil and gas company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Oil States International had a negative net margin of 1.29% and a negative return on equity of 2.08%. The business had revenue of $202.40 million during the quarter, compared to the consensus estimate of $198.63 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, equities research analysts expect that Oil States International will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A number of hedge funds and other institutional investors have recently made changes to their positions in OIS. Gendell Jeffrey L increased its position in shares of Oil States International by 32.9% during the 4th quarter. Gendell Jeffrey L now owns 2,988,197 shares of the oil and gas company’s stock worth $22,292,000 after purchasing an additional 740,199 shares in the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of Oil States International by 19.9% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 188,581 shares of the oil and gas company’s stock worth $1,407,000 after purchasing an additional 31,335 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Oil States International by 1.9% during the 4th quarter. Neuberger Berman Group LLC now owns 2,493,656 shares of the oil and gas company’s stock worth $18,583,000 after purchasing an additional 46,215 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Oil States International by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 1,145,529 shares of the oil and gas company’s stock worth $8,545,000 after purchasing an additional 45,438 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Oil States International by 9.1% during the 4th quarter. Van ECK Associates Corp now owns 2,133,219 shares of the oil and gas company’s stock worth $15,914,000 after purchasing an additional 178,394 shares in the last quarter. 89.16% of the stock is owned by institutional investors.

Oil States International Company Profile

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Oil States International, Inc engages in the provision of manufactured products and services used in the drilling, completion, subsea, production and infrastructure sectors of the oil and natural gas industry, as well as in the industrial and military sectors. It operates through the following segments: Well Site Services, Downhole Technologies and Offshore or Manufactured Products.