Wall Street Zen upgraded shares of Oil States International (NYSE:OIS – Free Report) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.
A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings upgraded Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Raymond James Financial decreased their price target on Oil States International from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Finally, Susquehanna upped their price target on Oil States International from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Oil States International currently has a consensus rating of “Hold” and an average target price of $12.00.
View Our Latest Stock Analysis on Oil States International
Oil States International Price Performance
OIS opened at $8.52 on Friday. The firm has a market cap of $509.28 million, a PE ratio of -4.55 and a beta of 1.24. The stock has a 50-day moving average price of $8.48 and a 200-day moving average price of $9.35. Oil States International has a 1 year low of $5.83 and a 1 year high of $14.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.36 and a quick ratio of 1.27.
Oil States International (NYSE:OIS – Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $169.76 million for the quarter, compared to the consensus estimate of $162.62 million. Oil States International had a negative net margin of 16.47% and a positive return on equity of 5.13%. Oil States International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. Sell-side analysts predict that Oil States International will post 0.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Oil States International
A number of large investors have recently made changes to their positions in the company. Squarepoint Ops LLC raised its position in Oil States International by 1,228.6% in the second quarter. Squarepoint Ops LLC now owns 399,706 shares of the oil and gas company’s stock worth $3,202,000 after acquiring an additional 369,621 shares during the period. Pacer Advisors Inc. purchased a new position in shares of Oil States International during the 1st quarter worth $2,839,000. Bank of New York Mellon Corp purchased a new position in shares of Oil States International during the 2nd quarter worth $2,637,000. JB Capital Partners LP bought a new stake in shares of Oil States International during the 2nd quarter valued at $680,850. Finally, GAMMA Investing LLC grew its position in shares of Oil States International by 64.2% during the 3rd quarter. GAMMA Investing LLC now owns 3,178 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 1,243 shares during the period. 97.44% of the stock is currently owned by institutional investors.
About Oil States International
Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.
Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.
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