Oil States International (NYSE:OIS) Trading Down 5.5%

Oil States International, Inc. (NYSE:OIS)’s share price dropped 5.5% during trading on Thursday . The company traded as low as $14.07 and last traded at $14.81, approximately 629,209 shares were traded during trading. An increase of 2% from the average daily volume of 618,348 shares. The stock had previously closed at $15.68.

OIS has been the subject of a number of recent research reports. Piper Jaffray Companies set a $16.00 price objective on Oil States International and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Wells Fargo & Co cut Oil States International from an “outperform” rating to a “market perform” rating in a research report on Thursday. Royal Bank of Canada dropped their price objective on Oil States International to $23.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 30th. Raymond James dropped their price objective on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 30th. Finally, ValuEngine upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Oil States International has an average rating of “Hold” and a consensus price target of $22.91.

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.67. The company has a market cap of $908.23 million, a PE ratio of -123.42 and a beta of 2.26. The firm has a fifty day simple moving average of $13.90 and a 200 day simple moving average of $16.33.



Oil States International (NYSE:OIS) last posted its quarterly 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 business had revenue of $264.70 million during the quarter, compared to analysts’ expectations of $273.73 million. Oil States International had a negative net margin of 4.02% and a negative return on equity of 2.29%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. As a group, equities analysts predict that Oil States International, Inc. will post -0.51 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of OIS. BNP Paribas Arbitrage SA grew its holdings in Oil States International by 494.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 35,339 shares of the oil and gas company’s stock valued at $599,000 after buying an additional 29,398 shares during the period. Comerica Bank grew its holdings in Oil States International by 12.5% in the 1st quarter. Comerica Bank now owns 202,606 shares of the oil and gas company’s stock valued at $3,728,000 after buying an additional 22,480 shares during the period. Mason Street Advisors LLC grew its holdings in Oil States International by 4.3% in the 1st quarter. Mason Street Advisors LLC now owns 19,429 shares of the oil and gas company’s stock valued at $330,000 after buying an additional 802 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Oil States International in the 1st quarter valued at about $6,046,000. Finally, Piedmont Investment Advisors Inc. grew its holdings in Oil States International by 5.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 15,112 shares of the oil and gas company’s stock valued at $256,000 after buying an additional 845 shares during the period.

About Oil States International (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.

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