Recent Investment Analysts’ Ratings Updates for Oil States International (OIS)

Oil States International (NYSE: OIS) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2019 – Oil States International was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/31/2019 – Oil States International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 7/30/2019 – Oil States International had its price target lowered by analysts at Raymond James from $25.00 to $23.00. They now have a “strong-buy” rating on the stock.
  • 7/30/2019 – Oil States International had its price target lowered by analysts at Royal Bank of Canada to $23.00. They now have a “sector perform” rating on the stock.
  • 6/29/2019 – Oil States International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 6/26/2019 – Oil States International was given a new $16.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.

Oil States International stock traded down $0.70 during trading hours on Monday, hitting $13.46. The stock had a trading volume of 627,109 shares, compared to its average volume of 638,275. The company has a quick ratio of 1.68, a current ratio of 2.67 and a debt-to-equity ratio of 0.22. The company has a market cap of $820.52 million, a PE ratio of -112.17 and a beta of 2.26. Oil States International, Inc. has a 1-year low of $11.73 and a 1-year high of $34.66. The firm has a fifty day simple moving average of $15.79.

Oil States International (NYSE:OIS) last posted its earnings results on Monday, July 29th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). Oil States International had a negative net margin of 4.02% and a negative return on equity of 2.29%. The firm had revenue of $264.70 million during the quarter, compared to analyst estimates of $273.73 million. During the same period last year, the company posted $0.05 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, research analysts expect that Oil States International, Inc. will post -0.49 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Mason Street Advisors LLC lifted its position in shares of Oil States International by 4.3% in the first quarter. Mason Street Advisors LLC now owns 19,429 shares of the oil and gas company’s stock valued at $330,000 after acquiring an additional 802 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of Oil States International by 5.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 15,112 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 845 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Oil States International by 3.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 24,130 shares of the oil and gas company’s stock valued at $442,000 after acquiring an additional 900 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Oil States International by 1.0% in the first quarter. Arizona State Retirement System now owns 93,326 shares of the oil and gas company’s stock valued at $1,583,000 after acquiring an additional 959 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new stake in shares of Oil States International in the second quarter valued at $35,000.

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.

Further Reading: Buy-Side Analysts

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