Oil States International (NYSE:OIS) Rating Lowered to “Hold” at Wall Street Zen

Oil States International (NYSE:OIS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

OIS has been the subject of several other research reports. Susquehanna raised their price target on Oil States International from $5.50 to $6.50 and gave the company a “neutral” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Oil States International in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.50.

Oil States International Stock Performance

Shares of OIS stock opened at $6.18 on Friday. Oil States International has a 52-week low of $3.08 and a 52-week high of $6.88. The stock has a market cap of $368.93 million, a price-to-earnings ratio of 56.14 and a beta of 1.80. The firm’s 50-day moving average is $6.03 and its 200-day moving average is $5.33.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The business had revenue of $165.18 million for the quarter, compared to the consensus estimate of $169.01 million. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts predict that Oil States International will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Oil States International

A number of large investors have recently modified their holdings of OIS. New York State Teachers Retirement System purchased a new stake in shares of Oil States International during the 2nd quarter valued at about $29,000. GAMMA Investing LLC grew its position in 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Oil States International by 221.9% during 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 purchasing 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% during 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 purchasing an additional 8,800 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in shares of Oil States International during the second quarter worth $84,000. Institutional investors and hedge funds 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.