Oil States International (NYSE:OIS) Shares Gap Down – Time to Sell?

Shares of Oil States International, Inc. (NYSE:OIS) gapped down prior to trading on Monday. The stock had previously closed at $9.60, but opened at $9.19. Oil States International shares last traded at $9.4060, with a volume of 311,247 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Oil States International from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Susquehanna lifted their price target on shares of Oil States International from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday. Raymond James Financial dropped their price objective on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Oil States International Stock Up 0.3%

The company’s 50-day moving average is $8.48 and its two-hundred day moving average is $9.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.36 and a quick ratio of 1.27. The company has a market cap of $532.61 million, a P/E ratio of 17.41 and a beta of 1.24.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Friday, October 30th. The oil and gas company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. Oil States International had a positive return on equity of 5.13% and a negative net margin of 16.47%. The company had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $162.62 million. During the same period last year, the firm posted $0.08 earnings per share. Oil States International’s revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Oil States International, Inc. will post 0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oil States International

A number of hedge funds and other institutional investors have recently bought and sold shares of OIS. Ethic Inc. boosted its holdings in Oil States International by 77.9% during the third quarter. Ethic Inc. now owns 30,445 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 13,331 shares during the last quarter. Calamos Advisors LLC acquired a new stake in Oil States International in the 3rd quarter valued at $151,000. Commonwealth Equity Services LLC bought a new stake in Oil States International during the 3rd quarter worth about $220,000. Assenagon Asset Management S.A. lifted its position in Oil States International by 35.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 34,340 shares of the oil and gas company’s stock worth $273,000 after buying an additional 9,012 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Oil States International by 64.2% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.