Oil States International (NYSE:OIS) Stock Jumps 6.3% – What’s Next?

Shares of Oil States International, Inc. (NYSE:OIS) traded up 6.3% on Friday. The company traded as high as $8.58 and last traded at $8.5470. 241,793 shares were traded during trading, a decline of 72% from the average daily volume of 871,854 shares. The stock had previously closed at $8.04.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Susquehanna increased their target price on shares of Oil States International from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Monday, October 5th. Raymond James Financial lowered their price target on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Stifel Nicolaus dropped their price target on shares of Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.67.

Oil States International Stock Up 6.9%

The firm has a market capitalization of $518.45 million, a PE ratio of -4.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 1.29. The company has a 50-day moving average price of $8.45 and a 200 day moving average price of $8.78.

Oil States International (NYSE:OIS) last released its earnings results on Thursday, July 30th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $255.41 million during the quarter, compared to analysts’ expectations of $158.02 million. Oil States International had a positive return on equity of 4.28% and a negative net margin of 16.78%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. Analysts forecast that Oil States International, Inc. will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Oil States International

Institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its position in shares of Oil States International by 35.6% during the third quarter. Assenagon Asset Management S.A. now owns 34,340 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 9,012 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Oil States International by 64.2% in the third quarter. GAMMA Investing LLC now owns 3,178 shares of the oil and gas company’s stock worth $25,000 after buying an additional 1,243 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Oil States International during the second quarter worth $58,000. Squarepoint Ops LLC boosted its position in shares of Oil States International by 1,228.6% during the second quarter. Squarepoint Ops LLC now owns 399,706 shares of the oil and gas company’s stock worth $3,202,000 after acquiring an additional 369,621 shares during the last quarter. Finally, Corient Private Wealth LP bought a new position in shares of Oil States International during the second quarter worth $97,000. 97.44% of the stock is owned by hedge funds and other institutional investors.

About Oil States International

Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.

Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.