Oil States International (NYSE:OIS) Stock Rating Lowered by Wall Street Zen

Oil States International (NYSE:OIS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

Separately, Susquehanna raised their target price on Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a report on Tuesday, July 1st.

Oil States International Stock Up 0.4%

Shares of NYSE OIS opened at $5.66 on Friday. The firm has a market capitalization of $350.18 million, a PE ratio of 70.76 and a beta of 1.82. The company has a current ratio of 3.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. Oil States International has a 1 year low of $3.08 and a 1 year high of $5.86. The firm's 50-day moving average is $4.95 and its 200-day moving average is $4.87.

Oil States International (NYSE:OIS - Get Free Report) last issued its earnings results on Thursday, May 1st. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Oil States International had a return on equity of 2.41% and a net margin of 0.77%. The firm had revenue of $159.94 million for the quarter, compared to analysts' expectations of $164.08 million. During the same quarter last year, the business earned ($0.03) earnings per share. The company's revenue was down 4.4% compared to the same quarter last year. Equities analysts expect that Oil States International will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Oil States International

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Oil States International by 2,343.3% during the 1st quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company's stock valued at $155,000 after purchasing an additional 28,870 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Oil States International during the 4th quarter valued at about $97,000. BNP Paribas Financial Markets lifted its holdings in shares of Oil States International by 18.2% during the 4th quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company's stock valued at $306,000 after purchasing an additional 9,303 shares in the last quarter. MetLife Investment Management LLC raised its position in Oil States International by 82.4% in the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock valued at $191,000 after buying an additional 17,019 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Oil States International in the 4th quarter valued at approximately $128,000. Institutional investors own 97.44% of the company's stock.

About Oil States International

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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