Oil States International, Inc. (OIS) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Oil States International, Inc. (NYSE:OIS) from a sell rating to a hold rating in a research report report published on Wednesday, August 2nd.

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. “

Several other research analysts have also recently weighed in on the stock. Scotiabank set a $41.00 price objective on shares of Oil States International and gave the stock a buy rating in a research report on Tuesday, August 1st. Loop Capital decreased their price objective on shares of Oil States International from $44.00 to $34.00 and set a buy rating on the stock in a research report on Tuesday, August 1st. Guggenheim cut shares of Oil States International from a buy rating to a neutral rating in a research report on Tuesday, August 1st. Cowen and Company decreased their price objective on shares of Oil States International from $30.00 to $24.00 and set a market perform rating on the stock in a research report on Tuesday, August 1st. Finally, BMO Capital Markets decreased their price objective on shares of Oil States International from $33.00 to $27.00 and set a market perform rating on the stock in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $35.00.

Oil States International (NYSE OIS) opened at 22.80 on Wednesday. Oil States International has a 52-week low of $22.35 and a 52-week high of $41.75. The firm’s 50-day moving average is $26.18 and its 200-day moving average is $31.03. The firm’s market cap is $1.17 billion.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.03. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The firm had revenue of $171.40 million during the quarter, compared to analysts’ expectations of $176.08 million. During the same period in the previous year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Analysts forecast that Oil States International will post ($0.97) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of OIS. LS Investment Advisors LLC boosted its position in shares of Oil States International by 17.5% in the second quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 612 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 102 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Oil States International by 95.8% in the second quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 2,394 shares in the last quarter. Winch Advisory Services LLC boosted its position in shares of Oil States International by 113.1% in the second quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 3,049 shares in the last quarter. Finally, Integrated Investment Consultants LLC purchased a new position in shares of Oil States International during the second quarter valued at about $159,000.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

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