Oil States International, Inc. (OIS) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Oil States International, Inc. (NYSE:OIS) from a hold rating to a sell rating in a report published on Wednesday morning.

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. “

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company lowered shares of Oil States International from an outperform rating to a market perform rating and set a $33.00 price target on the stock. in a report on Friday, July 7th. Guggenheim lowered shares of Oil States International from a buy rating to a neutral rating in a report on Tuesday, August 1st. BMO Capital Markets decreased their price target on shares of Oil States International from $33.00 to $27.00 and set a market perform rating on the stock in a report on Friday, July 14th. J P Morgan Chase & Co decreased their price target on shares of Oil States International from $31.00 to $26.00 and set an overweight rating on the stock in a report on Tuesday, September 12th. Finally, Cowen and Company decreased their price target on shares of Oil States International from $30.00 to $24.00 and set a market perform rating on the stock in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $30.18.

Oil States International (NYSE:OIS) last released its earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.02). Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. The firm had revenue of $164.00 million during the quarter, compared to the consensus estimate of $166.94 million. Oil States International’s quarterly revenue was down 8.4% on a year-over-year basis.

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Large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its stake in shares of Oil States International by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 612 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Oil States International by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 2,394 shares in the last quarter. Winch Advisory Services LLC increased its stake in shares of Oil States International by 113.1% in the 2nd quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 3,049 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Oil States International in the 2nd quarter valued at $159,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Oil States International in the 1st quarter valued at $211,000.

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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