Oil States International (NYSE:OIS) Shares Down 6.4% – Should You Sell?

Oil States International, Inc. (NYSE:OIS) shares were down 6.4% on Tuesday . The stock traded as low as $10.01 and last traded at $10.48. Approximately 146,583 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,030,048 shares. The stock had previously closed at $11.20.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OIS shares. Susquehanna reduced their target price on Oil States International from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday. Raymond James Financial restated an “outperform” rating and issued a $14.00 target price on shares of Oil States International in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Oil States International in a report on Tuesday, April 21st. Stifel Nicolaus boosted their target price on Oil States International from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen upgraded Oil States International from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Oil States International currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Oil States International Price Performance

The company has a market capitalization of $535.99 million, a price-to-earnings ratio of -4.59 and a beta of 1.20. The business has a fifty day moving average price of $11.61 and a 200 day moving average price of $8.95.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.The company had revenue of $145.36 million during the quarter, compared to analyst estimates of $153.79 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Oil States International, Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. LSV Asset Management acquired a new position in shares of Oil States International in the third quarter valued at $1,094,000. Hillsdale Investment Management Inc. raised its stake in shares of Oil States International by 7.9% in the third quarter. Hillsdale Investment Management Inc. now owns 1,266,500 shares of the oil and gas company’s stock valued at $7,675,000 after purchasing an additional 92,200 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Oil States International by 106.3% in the fourth quarter. SG Americas Securities LLC now owns 38,807 shares of the oil and gas company’s stock valued at $263,000 after purchasing an additional 19,993 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Oil States International by 157.0% in the second quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock valued at $2,933,000 after purchasing an additional 334,279 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Oil States International by 1.7% in the fourth quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company’s stock valued at $1,981,000 after purchasing an additional 4,989 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

About Oil States International

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.