Oil States International, Inc. (NYSE:OIS) hit a new 52-week low during trading on Thursday . The company traded as low as $19.92 and last traded at $20.23, with a volume of 22462 shares changing hands. The stock had previously closed at $21.36.
A number of brokerages have recently commented on OIS. ValuEngine downgraded Oil States International from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Stifel Nicolaus began coverage on Oil States International in a research report on Monday, September 10th. They set a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Morgan Stanley set a $32.00 price objective on Oil States International and gave the company a “hold” rating in a research report on Tuesday, November 6th. Finally, TheStreet downgraded Oil States International from a “c-” rating to a “d+” rating in a research report on Monday, November 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Oil States International presently has an average rating of “Hold” and a consensus price target of $32.83.
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 (NYSE:OIS) last announced its earnings results on Monday, October 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $274.59 million for the quarter, compared to the consensus estimate of $274.97 million. During the same period in the previous year, the business earned ($0.30) EPS. The company’s revenue was up 67.4% on a year-over-year basis. As a group, equities analysts forecast that Oil States International, Inc. will post -0.06 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the business. Aperio Group LLC raised its stake in Oil States International by 2.7% during the 3rd quarter. Aperio Group LLC now owns 72,748 shares of the oil and gas company’s stock valued at $2,415,000 after purchasing an additional 1,903 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Oil States International by 11.3% during 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 purchasing an additional 1,985 shares during the period. Alps Advisors Inc. raised its stake in Oil States International by 10.9% during the 2nd quarter. Alps Advisors Inc. now owns 25,234 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 2,478 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Oil States International by 12.5% in the second quarter. MetLife Investment Advisors LLC now owns 27,605 shares of the oil and gas company’s stock worth $886,000 after acquiring an additional 3,060 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Oil States International by 27.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,183 shares of the oil and gas company’s stock worth $570,000 after acquiring an additional 3,700 shares during the last quarter.
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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 through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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