Oil States International (NYSE:OIS) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of Oil States International (NYSE:OIS) from a hold rating to a sell rating in a research report released on Thursday morning.

OIS has been the topic of several other reports. Stifel Nicolaus cut their target price on Oil States International from $12.00 to $10.00 and set a buy rating on the stock in a report on Tuesday, April 30th. Piper Sandler cut their target price on Oil States International from $8.00 to $7.50 and set a neutral rating on the stock in a report on Monday, May 6th. Finally, Susquehanna cut their target price on Oil States International from $6.50 to $4.50 and set a neutral rating on the stock in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $8.00.

Oil States International Price Performance

OIS opened at $4.44 on Thursday. The stock has a market cap of $285.09 million, a price-to-earnings ratio of -111.00 and a beta of 2.65. Oil States International has a 1 year low of $3.91 and a 1 year high of $9.02. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $4.43 and a 200 day moving average price of $5.52.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The firm had revenue of $167.26 million for the quarter, compared to analyst estimates of $190.08 million. Oil States International had a negative net margin of 0.35% and a positive return on equity of 1.62%. Analysts forecast that Oil States International will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A number of institutional investors have recently made changes to their positions in the business. Kennedy Capital Management LLC increased its stake in Oil States International by 63.1% during the third quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock valued at $4,421,000 after acquiring an additional 204,298 shares during the period. Nikko Asset Management Americas Inc. increased its stake in Oil States International by 19.3% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 94,843 shares of the oil and gas company’s stock valued at $643,000 after acquiring an additional 15,340 shares during the period. Russell Investments Group Ltd. increased its stake in Oil States International by 19.9% during the fourth quarter. Russell Investments Group Ltd. now owns 157,765 shares of the oil and gas company’s stock valued at $1,071,000 after acquiring an additional 26,137 shares during the period. GAMMA Investing LLC bought a new position in Oil States International during the fourth quarter valued at about $35,000. Finally, Cornercap Investment Counsel Inc. bought a new position in Oil States International during the fourth quarter valued at about $400,000. 97.44% of the stock is currently owned by institutional investors.

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.