Oil States International (NYSE:OIS) Stock Price Up 7.5%

Oil States International, Inc. (NYSE:OIS)’s stock price rose 7.5% on Friday . The company traded as high as $13.73 and last traded at $13.66, approximately 715,310 shares traded hands during mid-day trading. An increase of 13% from the average daily volume of 632,465 shares. The stock had previously closed at $12.71.

OIS has been the topic of a number of analyst reports. ValuEngine upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Royal Bank of Canada lowered their price objective on shares of Oil States International to $23.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 30th. Cowen restated a “market perform” rating and set a $21.00 target price (up from $18.00) on shares of Oil States International in a research report on Monday, May 6th. Finally, Raymond James decreased their target price on shares of Oil States International from $25.00 to $23.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.62.

The firm’s 50-day simple moving average is $14.87 and its 200 day simple moving average is $16.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.67.



Oil States International (NYSE:OIS) last issued its earnings results on Monday, July 29th. The oil and gas company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $273.73 million. Oil States International had a negative return on equity of 2.29% and a negative net margin of 4.02%. Oil States International’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. As a group, sell-side analysts predict that Oil States International, Inc. will post -0.51 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of OIS. Earnest Partners LLC raised its position in shares of Oil States International by 0.7% during the 2nd quarter. Earnest Partners LLC now owns 2,079,679 shares of the oil and gas company’s stock valued at $38,058,000 after acquiring an additional 14,123 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Oil States International by 17.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 267,935 shares of the oil and gas company’s stock valued at $4,903,000 after acquiring an additional 40,585 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Oil States International by 20.8% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 20,128 shares of the oil and gas company’s stock valued at $368,000 after acquiring an additional 3,468 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Oil States International by 20.8% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 13,024 shares of the oil and gas company’s stock valued at $238,000 after acquiring an additional 2,244 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position in shares of Oil States International by 63.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 16,000 shares of the oil and gas company’s stock valued at $292,000 after acquiring an additional 6,200 shares in the last quarter.

Oil States International Company Profile (NYSE:OIS)

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: Retained Earnings

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