Oil States International (NYSE:OIS) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Oil States International (NYSE:OIS) from a hold rating to a sell rating in a report issued on Thursday.

OIS has been the subject of a number of other reports. Susquehanna reduced their price objective on shares of Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Stifel Nicolaus cut their target price on shares of Oil States International from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 11th.

Oil States International Trading Down 0.4 %

Shares of Oil States International stock opened at $5.20 on Thursday. Oil States International has a fifty-two week low of $3.91 and a fifty-two week high of $6.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. The company has a market cap of $328.18 million, a P/E ratio of -15.76 and a beta of 2.64. The firm has a 50-day simple moving average of $5.18 and a two-hundred day simple moving average of $4.89.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $174.30 million for the quarter, compared to the consensus estimate of $192.09 million. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. Oil States International’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. As a group, equities analysts predict that Oil States International will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A hedge fund recently raised its stake in Oil States International stock. SG Americas Securities LLC grew its holdings in Oil States International, Inc. (NYSE:OIS) by 83.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,229 shares of the oil and gas company’s stock after purchasing an additional 10,087 shares during the quarter. SG Americas Securities LLC’s holdings in Oil States International were worth $102,000 as of its most recent SEC filing. Institutional investors own 97.44% of the company’s stock.

Oil States International Company Profile

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.