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

Oil States International (NYSE:OIS - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Oil States International from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Susquehanna lowered their price target on 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 Down 0.4 %

OIS stock traded down $0.02 during trading on Thursday, hitting $5.20. 428,261 shares of the company traded hands, compared to its average volume of 377,452. The company has a 50-day moving average of $5.18 and a 200-day moving average of $4.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. Oil States International has a 1 year low of $3.91 and a 1 year high of $6.57. The firm has a market capitalization of $328.18 million, a PE ratio of -15.76 and a beta of 2.64.

Oil States International (NYSE:OIS - Get Free Report) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The firm had revenue of $174.30 million for the quarter, compared to analysts' expectations of $192.09 million. During the same quarter last year, the business earned $0.09 earnings per share. The business's revenue was down 6.5% on a year-over-year basis. Analysts predict that Oil States International will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oil States International

A hedge fund recently raised its stake in Oil States International stock. BNP Paribas Financial Markets increased its stake in Oil States International, Inc. (NYSE:OIS - Free Report) by 40.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,167 shares of the oil and gas company's stock after buying an additional 14,654 shares during the period. BNP Paribas Financial Markets owned 0.08% of Oil States International worth $235,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 97.44% of the company's stock.

Oil States International Company Profile

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.