StockNews.com upgraded shares of Oil States International (NYSE:OIS - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
Oil States International Trading Up 0.8 %
Shares of OIS traded up $0.05 during midday trading on Friday, hitting $5.47. 87,716 shares of the stock were exchanged, compared to its average volume of 417,438. Oil States International has a 52-week low of $3.91 and a 52-week high of $6.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. The stock has a fifty day simple moving average of $5.21 and a 200 day simple moving average of $5.05. The firm has a market cap of $344.90 million, a P/E ratio of -16.56 and a beta of 2.61.
Institutional Trading of Oil States International
Several hedge funds have recently made changes to their positions in OIS. SG Americas Securities LLC increased its stake in Oil States International by 21.5% during the 4th quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company's stock worth $137,000 after buying an additional 4,771 shares during the period. Ethic Inc. grew its stake in shares of Oil States International by 14.2% in the fourth quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company's stock worth $239,000 after acquiring an additional 5,864 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Oil States International by 18.2% during the fourth quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company's stock worth $306,000 after acquiring an additional 9,303 shares during the period. MetLife Investment Management LLC raised its stake in shares of Oil States International by 82.4% in the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock valued at $191,000 after acquiring an additional 17,019 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Oil States International in the fourth quarter valued at $97,000. Institutional investors and hedge funds own 97.44% of the company's stock.
Oil States International Company Profile
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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.
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