Oil States International, Inc. (NYSE:OIS) Given Average Rating of “Hold” by Brokerages

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Shares of Oil States International, Inc. (NYSE:OIS) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.60.

Several research analysts recently weighed in on OIS shares. Morgan Stanley boosted their target price on Oil States International from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Zacks Investment Research downgraded Oil States International from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated a “neutral” rating on shares of Oil States International in a research note on Sunday, September 6th.

Shares of OIS traded down $0.13 during midday trading on Monday, hitting $2.89. 707,054 shares of the company’s stock traded hands, compared to its average volume of 1,255,687. The company has a current ratio of 3.11, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $176.38 million, a price-to-earnings ratio of -0.27 and a beta of 3.52. Oil States International has a 1 year low of $1.52 and a 1 year high of $17.81. The firm’s fifty day moving average is $3.39 and its 200-day moving average is $3.95.

Oil States International (NYSE:OIS) last announced its earnings results on Wednesday, July 29th. The oil and gas company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.47) by $0.14. Oil States International had a negative return on equity of 4.12% and a negative net margin of 73.40%. The firm had revenue of $146.50 million for the quarter, compared to the consensus estimate of $152.11 million. During the same period in the previous year, the business earned ($0.14) EPS. The firm’s revenue for the quarter was down 44.7% on a year-over-year basis. On average, equities research analysts anticipate that Oil States International will post -1.04 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Oil States International by 45.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,335 shares of the oil and gas company’s stock valued at $78,000 after buying an additional 5,106 shares during the period. Marshall Wace LLP lifted its holdings in shares of Oil States International by 129.3% in the 2nd quarter. Marshall Wace LLP now owns 169,475 shares of the oil and gas company’s stock valued at $804,000 after buying an additional 95,552 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Oil States International by 3.1% in the 2nd quarter. California Public Employees Retirement System now owns 137,320 shares of the oil and gas company’s stock valued at $652,000 after buying an additional 4,127 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Oil States International in the 2nd quarter valued at about $290,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Oil States International by 99.3% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 18,468 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 9,203 shares during the period. 83.83% of the stock is owned by institutional investors.

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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Analyst Recommendations for Oil States International (NYSE:OIS)

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