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

Oil States International (NYSE:OIS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings raised Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Raymond James Financial decreased their target price on Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Stifel Nicolaus lowered their price target on Oil States International from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Susquehanna boosted their price target on Oil States International from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

Oil States International Price Performance

Shares of NYSE:OIS opened at $8.41 on Friday. The company has a market capitalization of $503.30 million, a P/E ratio of -4.50 and a beta of 1.23. Oil States International has a 1-year low of $5.83 and a 1-year high of $14.50. The firm’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $9.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.36 and a quick ratio of 1.27.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Oil States International had a negative net margin of 16.47% and a positive return on equity of 5.13%. The firm had revenue of $169.76 million during the quarter, compared to analysts’ expectations of $162.62 million. During the same period in the prior year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts expect that Oil States International will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Oil States International by 64.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,178 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 1,243 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Oil States International by 19.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,248 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 1,502 shares in the last quarter. Diversified Trust Co boosted its position in shares of Oil States International by 14.1% during the 3rd quarter. Diversified Trust Co now owns 30,835 shares of the oil and gas company’s stock valued at $245,000 after acquiring an additional 3,811 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Oil States International by 7.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 57,500 shares of the oil and gas company’s stock valued at $669,000 after acquiring an additional 3,900 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in shares of Oil States International in the first quarter valued at $50,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Oil States International Company Profile

Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.

Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.