Oil States International (NYSE:OIS) Receives New Coverage from Analysts at Raymond James

Raymond James assumed coverage on shares of Oil States International (NYSE:OISFree Report) in a report issued on Wednesday morning, FlyOnTheWall reports. The firm issued an outperform rating on the oil and gas company’s stock.

Separately, StockNews.com began coverage on Oil States International in a report on Thursday, August 17th. They set a hold rating on the stock. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $9.00.

Read Our Latest Analysis on OIS

Oil States International Stock Performance

Shares of Oil States International stock opened at $8.42 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 0.19. Oil States International has a twelve month low of $3.51 and a twelve month high of $10.47. The stock has a market cap of $537.74 million, a price-to-earnings ratio of 70.13 and a beta of 2.95. The company’s fifty day moving average is $7.94 and its 200 day moving average is $7.81.

Oil States International (NYSE:OISGet Free Report) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $183.50 million for the quarter, compared to analyst estimates of $201.88 million. Oil States International had a return on equity of 0.46% and a net margin of 1.00%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) earnings per share. Sell-side analysts forecast that Oil States International will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Oil States International during the third quarter worth approximately $76,000. Public Employees Retirement System of Ohio lifted its stake in shares of Oil States International by 270.7% in the second quarter. Public Employees Retirement System of Ohio now owns 10,994 shares of the oil and gas company’s stock valued at $82,000 after buying an additional 8,028 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Oil States International by 282.0% during the third quarter. Captrust Financial Advisors now owns 37,470 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 27,661 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of Oil States International during the first quarter worth about $154,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Oil States International by 23.8% in the 1st quarter. MetLife Investment Management LLC now owns 30,522 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 5,864 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

About Oil States International

(Get Free Report)

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.

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