Zacks Investment Research cut shares of Oil States International (NYSE:OIS) from a hold rating to a sell rating in a report published on Tuesday.

According to Zacks, “Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines, and a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments Offshore Products, Tubular Services and Well Site Services. “

Several other brokerages have also recently weighed in on OIS. Loop Capital set a $31.00 price target on Oil States International and gave the company a buy rating in a research report on Wednesday, November 1st. Raymond James Financial reiterated a buy rating on shares of Oil States International in a research report on Tuesday, December 12th. BMO Capital Markets cut their price objective on Oil States International from $24.00 to $22.00 and set a market perform rating for the company in a research report on Thursday, November 9th. Cowen set a $18.00 price objective on Oil States International and gave the company a market perform rating in a research report on Monday, October 30th. Finally, Scotiabank set a $41.00 price objective on Oil States International and gave the company a buy rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $29.70.

Oil States International (NYSE:OIS) opened at $30.25 on Tuesday. The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1,550.00, a P/E ratio of -26.30 and a beta of 1.72. Oil States International has a 12-month low of $20.23 and a 12-month high of $41.10.

Several institutional investors have recently bought and sold shares of OIS. Rice Hall James & Associates LLC increased its position in shares of Oil States International by 452.3% in the third quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock valued at $16,623,000 after buying an additional 537,017 shares in the last quarter. Wasatch Advisors Inc. purchased a new stake in shares of Oil States International in the fourth quarter valued at approximately $7,588,000. Wedge Capital Management L L P NC increased its position in shares of Oil States International by 42.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 703,466 shares of the oil and gas company’s stock valued at $19,908,000 after buying an additional 209,628 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Oil States International by 18.1% in the third quarter. Van ECK Associates Corp now owns 546,072 shares of the oil and gas company’s stock valued at $13,843,000 after buying an additional 83,781 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Oil States International by 48.7% in the fourth quarter. Comerica Bank now owns 181,717 shares of the oil and gas company’s stock valued at $6,088,000 after buying an additional 59,518 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.watchlistnews.com/oil-states-international-ois-lowered-to-sell-at-zacks-investment-research/1849946.html.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

Get a free copy of the Zacks research report on Oil States International (OIS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Oil States International (NYSE:OIS)

Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.