Oil States International (OIS) Downgraded by TheStreet to D+

Oil States International (NYSE:OIS) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Monday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Oil States International from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, August 2nd. ValuEngine raised shares of Oil States International from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Stifel Nicolaus initiated coverage on shares of Oil States International in a research report on Monday, September 10th. They issued a “buy” rating and a $40.00 price target on the stock. Morgan Stanley initiated coverage on shares of Oil States International in a research report on Tuesday, September 18th. They issued an “equal weight” rating and a $35.00 price target on the stock. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $35.00 price target on shares of Oil States International in a research report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.00.

OIS stock opened at $23.28 on Monday. The stock has a market cap of $1.35 billion, a PE ratio of -21.96 and a beta of 1.90. The company has a current ratio of 3.04, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. Oil States International has a 1 year low of $21.39 and a 1 year high of $38.95.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Monday, October 29th. The oil and gas company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Oil States International had a negative net margin of 4.28% and a negative return on equity of 0.44%. The business had revenue of $274.59 million for the quarter, compared to analysts’ expectations of $274.97 million. During the same quarter last year, the firm earned ($0.30) EPS. The firm’s revenue for the quarter was up 67.4% compared to the same quarter last year. As a group, sell-side analysts expect that Oil States International will post -0.07 EPS for the current fiscal year.

In other Oil States International news, VP Brian E. Taylor sold 2,380 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $34.05, for a total value of $81,039.00. Following the completion of the sale, the vice president now owns 17,082 shares in the company, valued at approximately $581,642.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.87% of the company’s stock.

Large investors have recently bought and sold shares of the business. Amalgamated Bank purchased a new stake in Oil States International in the 2nd quarter valued at about $277,000. Metropolitan Life Insurance Co. NY increased its stake in Oil States International by 11.3% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 19,494 shares of the oil and gas company’s stock valued at $626,000 after buying an additional 1,985 shares during the last quarter. Alps Advisors Inc. increased its stake in Oil States International by 10.9% in the 2nd quarter. Alps Advisors Inc. now owns 25,234 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 2,478 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in Oil States International by 12.5% in the 2nd quarter. MetLife Investment Advisors LLC now owns 27,605 shares of the oil and gas company’s stock valued at $886,000 after buying an additional 3,060 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Oil States International by 16.7% in the 1st quarter. Guggenheim Capital LLC now owns 51,892 shares of the oil and gas company’s stock valued at $1,361,000 after buying an additional 7,437 shares during the last quarter.

About Oil States International

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 through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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Analyst Recommendations for Oil States International (NYSE:OIS)

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