Oil States International (NYSE:OIS) Downgraded to Hold Rating by Wall Street Zen

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

Several other equities analysts have also issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Oil States International in a research note on Tuesday, April 21st. Susquehanna lowered their price target on Oil States International from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stifel Nicolaus boosted their price target 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. Finally, Raymond James Financial restated an “outperform” rating and set a $14.00 price target on shares of Oil States International in a research note on Monday, February 23rd. Two equities 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 stock. According to data from MarketBeat.com, Oil States International presently has an average rating of “Hold” and an average target price of $13.33.

Oil States International Stock Down 2.5%

Shares of OIS opened at $8.68 on Friday. Oil States International has a 12-month low of $4.22 and a 12-month high of $14.50. The firm has a market capitalization of $522.17 million, a price-to-earnings ratio of -4.47 and a beta of 1.20. The stock’s 50-day moving average price is $11.61 and its 200 day moving average price is $8.95.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm 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 company’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities research analysts expect that Oil States International will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Oil States International

A number of institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its holdings in Oil States International by 19.5% during the fourth quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 2,332 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Oil States International by 20.5% during the third quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company’s stock valued at $115,000 after purchasing an additional 3,222 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Oil States International by 7.3% during the first quarter. Hillsdale Investment Management Inc. now owns 57,500 shares of the oil and gas company’s stock valued at $669,000 after purchasing an additional 3,900 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 4,740 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Oil States International by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company’s stock valued at $1,981,000 after purchasing an additional 4,989 shares in the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

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.