Oil States International (NYSE:OIS) Stock Rating Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Oil States International from “hold” to “buy.” Overall analyst sentiment remains “hold,” with a consensus price target of $12.
• Oil States reported quarterly EPS of $0.15, beating the $0.12 consensus, and revenue of $169.76 million, above estimates of $162.62 million. Revenue rose 2.8% year over year.
• Shares opened at $8.41, within a 52-week range of $5.83 to $14.50; institutional investors own 97.44% of the stock.

Oil States International (NYSE:OIS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

OIS has been the topic of several other reports. Weiss Ratings raised Oil States International from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Stifel Nicolaus reduced their price objective on shares of Oil States International from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Susquehanna upped their price target on shares of Oil States International from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Raymond James Financial cut their price target on shares of Oil States International from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Oil States International currently has an average rating of "Hold" and a consensus target price of $12.00.

Oil States International Price Performance

NYSE OIS opened at $8.41 on Friday. The stock has a 50-day moving average of $8.48 and a 200 day moving average of $9.35. The company has a market capitalization of $503.30 million, a price-to-earnings ratio of 17.41 and a beta of 1.24. Oil States International has a one year low of $5.83 and a one year high of $14.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.27 and a current ratio of 2.36.

Oil States International (NYSE:OIS - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The company had revenue of $169.76 million for the quarter, compared to analyst estimates of $162.62 million. Oil States International had a positive return on equity of 5.13% and a negative net margin of 16.47%. Oil States International's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. On average, sell-side analysts forecast that Oil States International will post 0.54 EPS for the current year.

Institutional Investors Weigh In On Oil States International

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Oil States International by 64.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,178 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 1,243 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Oil States International by 19.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,248 shares of the oil and gas company's stock worth $108,000 after acquiring an additional 1,502 shares in the last quarter. Diversified Trust Co raised its position in shares of Oil States International by 14.1% during the 3rd quarter. Diversified Trust Co now owns 30,835 shares of the oil and gas company's stock worth $245,000 after buying an additional 3,811 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in Oil States International by 7.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 57,500 shares of the oil and gas company's stock valued at $669,000 after purchasing an additional 3,900 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Oil States International during the 1st quarter valued at about $50,000. Institutional investors own 97.44% of the company's stock.

Oil States International Company Profile

Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.

Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.