Wall Street Zen Downgrades Oil States International (NYSE:OIS) to Buy

Wall Street Zen cut shares of Oil States International (NYSE:OIS - Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday.

Separately, Susquehanna boosted their target price on shares of Oil States International from $4.50 to $5.50 and gave the company a "neutral" rating in a research note on Tuesday, July 1st.

Oil States International Stock Down 3.8%

NYSE OIS traded down $0.21 during trading on Friday, reaching $5.15. The company's stock had a trading volume of 488,617 shares, compared to its average volume of 718,906. The company has a current ratio of 3.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $318.32 million, a PE ratio of 64.32 and a beta of 1.82. The business has a 50-day moving average price of $4.95 and a 200-day moving average price of $4.87. Oil States International has a 1-year low of $3.08 and a 1-year high of $5.86.

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

Hedge Funds Weigh In On Oil States International

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of Oil States International by 374.4% in the 1st quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company's stock valued at $30,000 after buying an additional 4,613 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Oil States International by 944.2% in the 1st quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company's stock valued at $50,000 after buying an additional 8,800 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Oil States International in the 4th quarter valued at approximately $97,000. Quantbot Technologies LP acquired a new stake in Oil States International during the 4th quarter valued at $128,000. Finally, MetLife Investment Management LLC lifted its holdings in Oil States International by 82.4% during 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 purchasing an additional 17,019 shares during the last quarter. 97.44% of the stock is 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.