Oil States International (NYSE:OIS) Cut to Sell at StockNews.com

StockNews.com lowered shares of Oil States International (NYSE:OIS) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

A number of other analysts have also recently weighed in on OIS. Piper Sandler reduced their price objective on shares of Oil States International from $8.00 to $7.50 and set a neutral rating for the company in a research note on Monday, May 6th. Susquehanna reduced their price objective on shares of Oil States International from $6.50 to $4.50 and set a neutral rating for the company in a research note on Monday, April 29th. Finally, Stifel Nicolaus reduced their price objective on shares of Oil States International from $12.00 to $10.00 and set a buy rating for the company in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $8.00.

Oil States International Stock Performance

OIS stock opened at $4.44 on Thursday. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $285.11 million, a price-to-earnings ratio of -111.00 and a beta of 2.65. Oil States International has a 12 month low of $3.91 and a 12 month high of $9.02. The firm has a 50 day moving average of $4.43 and a two-hundred day moving average of $5.53.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Oil States International had a positive return on equity of 1.62% and a negative net margin of 0.35%. The firm had revenue of $167.26 million during the quarter, compared to analyst estimates of $190.08 million. As a group, equities analysts anticipate that Oil States International will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

Several large investors have recently bought and sold shares of OIS. Kennedy Capital Management LLC raised its stake in Oil States International by 63.1% during the 3rd quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock valued at $4,421,000 after purchasing an additional 204,298 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Oil States International by 87.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,583 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 9,589 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Oil States International by 19.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,843 shares of the oil and gas company’s stock valued at $644,000 after buying an additional 15,340 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new position in shares of Oil States International in the 4th quarter valued at $400,000. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Oil States International in the 4th quarter valued at $769,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.