Oil States International, Inc. (NYSE:OIS – Get Free Report) rose 8.2% on Wednesday . The stock traded as high as $8.46 and last traded at $8.47. 103,393 shares traded hands during trading, a decline of 90% from the average session volume of 985,156 shares. The stock had previously closed at $7.83.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on OIS shares. Susquehanna reduced their price target on Oil States International from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday. Wall Street Zen downgraded Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings lowered Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.33.
View Our Latest Stock Analysis on Oil States International
Oil States International Price Performance
Oil States International (NYSE:OIS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.The business had revenue of $145.36 million for the quarter, compared to analyst estimates of $153.79 million. During the same period in the previous year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, research analysts predict that Oil States International, Inc. will post 0.55 earnings per share for the current year.
Institutional Investors Weigh In On Oil States International
Hedge funds have recently modified their holdings of the business. Kennedy Capital Management LLC increased its position in Oil States International by 8.5% during the fourth quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company’s stock worth $9,834,000 after acquiring an additional 113,541 shares during the period. Ameriprise Financial Inc. boosted its holdings in Oil States International by 157.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock valued at $2,933,000 after purchasing an additional 334,279 shares during the period. Russell Investments Group Ltd. grew its position in Oil States International by 1.7% in the 4th quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company’s stock worth $1,981,000 after purchasing an additional 4,989 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Oil States International during the 1st quarter worth about $2,839,000. Finally, LSV Asset Management increased its holdings in shares of Oil States International by 22.8% during the 4th quarter. LSV Asset Management now owns 221,600 shares of the oil and gas company’s stock worth $1,500,000 after purchasing an additional 41,094 shares during the period. 97.44% of the stock is owned by institutional investors.
Oil States International Company Profile
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.
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