Weiss Ratings Reaffirms “Hold (C)” Rating for Oil States International (NYSE:OIS)

Oil States International (NYSE:OIS)‘s stock had its “hold (c)” rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Susquehanna upped their target price on shares of Oil States International from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Wall Street Zen lowered shares of Oil States International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Oil States International has a consensus rating of “Hold” and an average price target of $5.50.

Oil States International Price Performance

OIS opened at $6.67 on Friday. The firm has a market cap of $404.32 million, a P/E ratio of 60.67 and a beta of 1.82. Oil States International has a 1-year low of $3.08 and a 1-year high of $6.79. The company has a 50 day simple moving average of $5.82 and a two-hundred day simple moving average of $5.13.

Oil States International (NYSE:OIS) last issued its earnings results on Thursday, July 31st. The oil and gas company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Oil States International had a net margin of 1.02% and a return on equity of 2.56%. The firm had revenue of $165.41 million during the quarter, compared to analyst estimates of $171.50 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. Oil States International’s revenue for the quarter was down 11.3% on a year-over-year basis. Equities analysts anticipate that Oil States International will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Oil States International

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of Oil States International in the second quarter valued at $29,000. GAMMA Investing LLC raised its stake in shares of Oil States International by 374.4% in the first quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 4,613 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Oil States International by 221.9% in the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 4,740 shares during the period. New York State Common Retirement Fund raised its stake in shares of Oil States International by 944.2% in the first quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 8,800 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in shares of Oil States International in the second quarter valued at $84,000. 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.