Oil States International (NYSE:OIS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Oil States International (NYSE:OIS) from a hold rating to a buy rating in a report released on Saturday.

A number of other analysts have also recently commented on the stock. Susquehanna upped their price target on shares of Oil States International from $8.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Stifel Nicolaus boosted their price objective on Oil States International from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Oil States International in a research report on Thursday, January 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $14.00 target price on shares of Oil States International in a report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Oil States International Price Performance

Shares of OIS stock opened at $13.07 on Friday. The stock has a market capitalization of $780.99 million, a PE ratio of -6.84 and a beta of 1.16. The business’s 50 day simple moving average is $8.92 and its 200 day simple moving average is $7.10. Oil States International has a one year low of $3.08 and a one year high of $14.50.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Oil States International had a negative net margin of 16.35% and a positive return on equity of 3.27%. The firm had revenue of $178.46 million for the quarter, compared to the consensus estimate of $178.92 million. During the same quarter in the previous year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts expect that Oil States International will post 0.16 earnings per share for the current year.

Insider Buying and Selling at Oil States International

In related news, CEO Cindy B. Taylor sold 14,760 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 2,109,724 shares in the company, valued at $14,240,637. This trade represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OIS. EverSource Wealth Advisors LLC grew its holdings in shares of Oil States International by 221.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 4,740 shares during the last quarter. BNP Paribas Financial Markets lifted its position in 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 valued at $70,000 after acquiring an additional 5,779 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Oil States International during the 2nd quarter valued at about $84,000. Captrust Financial Advisors increased its holdings in Oil States International by 19.5% during the 4th quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock worth $97,000 after purchasing an additional 2,332 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Oil States International by 71.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 7,845 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.