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

Oil States International (NYSE:OIS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other equities research analysts have also issued research reports about the company. Susquehanna reduced their price target on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Stifel Nicolaus lowered their price objective 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.

Oil States International Price Performance

NYSE:OIS opened at $5.20 on Thursday. The company has a quick ratio of 1.83, a current ratio of 3.40 and a debt-to-equity ratio of 0.18. Oil States International has a 12-month low of $3.91 and a 12-month high of $6.57. The stock’s 50 day moving average price is $5.16 and its two-hundred day moving average price is $4.88. The firm has a market capitalization of $328.18 million, a price-to-earnings ratio of -15.76 and a beta of 2.64.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $192.09 million. During the same period in the previous year, the company posted $0.09 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts anticipate that Oil States International will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Oil States International

An institutional investor recently raised its position in Oil States International stock. BNP Paribas Financial Markets boosted its stake in Oil States International, Inc. (NYSE:OIS) by 40.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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. 97.44% of the stock is currently owned by institutional investors.

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.