Oil States International's (OIS) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Oil States International (NYSE: OIS), indicating a cautious outlook from equities research analysts.
• The company's stock had a slight increase, trading at $6.27, with a consensus target price set at $7.25 and an average rating of "Hold."
• Oil States International reported earnings of $0.09 EPS for the last quarter, matching analysts' expectations but reflecting a year-over-year revenue decline of 11.3%.

Oil States International (NYSE:OIS - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

OIS has been the subject of a number of other research reports. Wall Street Zen cut Oil States International from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Susquehanna boosted their price objective on Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.25.

Oil States International Stock Performance

Shares of Oil States International stock traded up $0.02 during trading on Wednesday, reaching $6.27. 20,026 shares of the company's stock were exchanged, compared to its average volume of 688,979. Oil States International has a 1-year low of $3.08 and a 1-year high of $6.47. The company has a market cap of $379.86 million, a P/E ratio of 57.00 and a beta of 1.82. The firm's 50-day moving average price is $5.56 and its 200 day moving average price is $5.01.

Oil States International (NYSE:OIS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The oil and gas company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The company had revenue of $165.41 million during the quarter, compared to analysts' expectations of $171.50 million. During the same quarter in the previous year, the firm earned $0.07 EPS. Oil States International's revenue was down 11.3% on a year-over-year basis. As a group, equities research analysts predict that Oil States International will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Oil States International

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of Oil States International by 374.4% during the 1st quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 4,613 shares in the last quarter. Strs Ohio bought a new stake in shares of Oil States International during the 1st quarter valued at about $266,000. Jump Financial LLC bought a new stake in shares of Oil States International during the 1st quarter valued at about $286,000. New York State Common Retirement Fund boosted its position in shares of Oil States International by 944.2% during 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 purchasing an additional 8,800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Oil States International by 187.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company's stock valued at $95,000 after purchasing an additional 11,545 shares in the last quarter. Institutional investors own 97.44% of the company's stock.

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.

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