Oil States International (NYSE:OIS) Rating Increased to Buy at Wall Street Zen

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

A number of other analysts have also issued reports on the company. Stifel Nicolaus boosted their target price on Oil States International from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Monday. Raymond James Financial reiterated an “outperform” rating and issued a $14.00 price objective on shares of Oil States International in a report on Monday. Susquehanna raised their target price on Oil States International from $8.00 to $13.00 and gave the company a “neutral” rating in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Oil States International Stock Down 0.5%

NYSE:OIS opened at $13.09 on Friday. Oil States International has a 52 week low of $3.08 and a 52 week high of $14.50. The stock’s fifty day moving average is $8.80 and its two-hundred day moving average is $7.01. The company has a market capitalization of $781.83 million, a P/E ratio of -6.85 and a beta of 1.30.

Oil States International (NYSE:OIS) last posted its earnings results on Friday, February 20th. The oil and gas company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $178.46 million for the quarter, compared to analysts’ expectations of $178.92 million. Oil States International had a negative net margin of 16.35% and a positive return on equity of 3.27%. Oil States International’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Sell-side analysts anticipate that Oil States International will post 0.16 earnings per share for the current fiscal year.

Insider Activity

In other Oil States International news, CEO Cindy B. Taylor sold 14,760 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $6.75, for a total value of $99,630.00. Following the completion of the sale, the chief executive officer owned 2,109,724 shares in the company, valued at approximately $14,240,637. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oil States International

Several institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. lifted its stake in shares of Oil States International by 7.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 1,266,500 shares of the oil and gas company’s stock worth $7,675,000 after acquiring an additional 92,200 shares during the period. LSV Asset Management purchased a new position in Oil States International in the third quarter valued at about $1,094,000. Campbell & CO Investment Adviser LLC increased its stake in Oil States International by 454.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 252,171 shares of the oil and gas company’s stock valued at $1,352,000 after purchasing an additional 206,678 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Oil States International by 98.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock worth $70,000 after buying an additional 5,779 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Oil States International by 221.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 4,740 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

About Oil States International

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.