Oil States International (NYSE:OIS) Stock Moved Up to “Buy” by Wall Street Zen

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

Several other brokerages also recently commented on OIS. Stifel Nicolaus lowered 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 research note on Friday, July 31st. Susquehanna raised their target price on Oil States International from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. Raymond James Financial reduced their price target on Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Finally, Weiss Ratings raised Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Oil States International presently has an average rating of “Hold” and a consensus price target of $12.00.

Oil States International Price Performance

Shares of Oil States International stock opened at $8.41 on Friday. 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 has a one year low of $5.83 and a one year high of $14.50. The business’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $9.35. The stock has a market capitalization of $503.30 million, a P/E ratio of -4.50 and a beta of 1.24.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Friday, October 30th. The oil and gas company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Oil States International had a positive return on equity of 5.13% and a negative net margin of 16.47%. The firm had revenue of $169.76 million during the quarter, compared to analyst estimates of $162.62 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Oil States International will post 0.54 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in Oil States International by 64.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,178 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 1,243 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Oil States International during the 1st quarter valued at about $50,000. Integrated Wealth Concepts LLC bought a new stake in shares of Oil States International during the 2nd quarter valued at about $58,000. Corient Private Wealth LP purchased a new position in shares of Oil States International during the second quarter valued at about $97,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Oil States International by 19.4% during the first quarter. EverSource Wealth Advisors LLC now owns 9,248 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 1,502 shares during the period. 97.44% of the stock is owned by hedge funds and other 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.