Oil States International (NYSE:OIS) was upgraded by Zacks Investment Research from a "strong sell" rating to a "hold" rating in a research note issued on Thursday, Zacks.com reports.
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. "
Separately, BidaskClub raised shares of Oil States International from a "hold" rating to a "buy" rating in a research note on Thursday, January 7th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of "Hold" and a consensus price target of $10.25.
Shares of Oil States International stock opened at $6.35 on Thursday. The company has a market cap of $387.55 million, a P/E ratio of -0.61 and a beta of 3.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.47 and a current ratio of 2.51. Oil States International has a one year low of $1.52 and a one year high of $15.90. The firm has a fifty day moving average of $5.28 and a two-hundred day moving average of $4.24.
Oil States International (NYSE:OIS) last announced its quarterly earnings data on Thursday, October 29th. The oil and gas company reported ($0.33) EPS for the quarter, topping the Zacks' consensus estimate of ($0.34) by $0.01. The company had revenue of $134.90 million during the quarter, compared to the consensus estimate of $142.69 million. Oil States International had a negative net margin of 84.59% and a negative return on equity of 6.54%. Oil States International's quarterly revenue was down 48.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) EPS. As a group, equities analysts predict that Oil States International will post -0.99 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of Oil States International by 21.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,779 shares of the oil and gas company's stock worth $54,000 after purchasing an additional 3,444 shares during the period. California Public Employees Retirement System grew its stake in Oil States International by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 141,920 shares of the oil and gas company's stock valued at $387,000 after acquiring an additional 4,600 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Oil States International by 19.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 130,975 shares of the oil and gas company's stock valued at $358,000 after acquiring an additional 21,172 shares during the last quarter. 81.25% of the stock is currently owned by institutional investors and hedge funds.
About Oil States International
Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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