Oil States International (NYSE:OIS) Stock Rating Upgraded by StockNews.com

Oil States International (NYSE:OIS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Several other brokerages have also recently issued reports on OIS. Stifel Nicolaus dropped their target price on shares of Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Susquehanna lowered their price target on shares of Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, October 11th.

Oil States International Trading Up 3.3 %

Shares of Oil States International stock traded up $0.16 on Wednesday, hitting $5.06. 356,504 shares of the company traded hands, compared to its average volume of 972,069. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market cap of $319.34 million, a PE ratio of -15.33 and a beta of 2.64. The stock’s 50 day moving average price is $5.08 and its 200-day moving average price is $4.85. Oil States International has a 52 week low of $3.91 and a 52 week high of $6.95.

Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The business had revenue of $174.30 million during the quarter, compared to analyst estimates of $192.09 million. During the same period in the previous year, the company posted $0.09 EPS. Oil States International’s revenue was down 6.5% on a year-over-year basis. Equities research analysts predict that Oil States International will post 0.18 EPS for the current year.

Institutional Trading of Oil States International

A hedge fund recently raised its stake in Oil States International stock. BNP Paribas Financial Markets lifted its holdings in Oil States International, Inc. (NYSE:OIS) by 40.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,167 shares of the oil and gas company’s stock after purchasing an additional 14,654 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Oil States International worth $235,000 as of its most recent SEC filing. 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.