Oil States International, Inc. (OIS) Upgraded to Hold at Zacks Investment Research

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

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. “

A number of other research analysts also recently weighed in on OIS. BMO Capital Markets dropped their price target on Oil States International from $33.00 to $27.00 and set a market perform rating on the stock in a research note on Friday, July 14th. Cowen and Company dropped their price target on Oil States International from $30.00 to $24.00 and set a market perform rating on the stock in a research note on Tuesday, August 1st. Guggenheim downgraded Oil States International from a buy rating to a neutral rating in a research note on Tuesday, August 1st. Loop Capital lowered their price objective on Oil States International from $44.00 to $34.00 and set a buy rating for the company in a research note on Tuesday, August 1st. Finally, Scotiabank set a $41.00 price objective on Oil States International and gave the stock a buy rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $30.00.

Oil States International (NYSE:OIS) traded down $0.10 during mid-day trading on Friday, reaching $23.75. The company had a trading volume of 487,000 shares, compared to its average volume of 851,788. Oil States International has a fifty-two week low of $20.23 and a fifty-two week high of $41.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 4.09.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). Oil States International had a negative return on equity of 4.62% and a negative net margin of 8.77%. The firm had revenue of $164.00 million for the quarter, compared to analyst estimates of $166.94 million. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. equities research analysts forecast that Oil States International will post -1.07 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its position in shares of Oil States International by 0.7% during the second quarter. UBS Asset Management Americas Inc. now owns 34,672 shares of the oil and gas company’s stock valued at $941,000 after acquiring an additional 238 shares during the last quarter. Arizona State Retirement System increased its position in shares of Oil States International by 1.9% during the second quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock valued at $592,000 after acquiring an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Oil States International by 5.9% during the first quarter. Public Employees Retirement System of Ohio now owns 7,404 shares of the oil and gas company’s stock valued at $245,000 after acquiring an additional 415 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Oil States International by 2.9% during the second quarter. Meeder Asset Management Inc. now owns 20,315 shares of the oil and gas company’s stock valued at $551,000 after acquiring an additional 565 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Oil States International by 17.5% during the second quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 612 shares during the last quarter.

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.

Analyst Recommendations for Oil States International (NYSE:OIS)

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