Oil States International, Inc. (NYSE:OIS)’s stock price was up 7.9% during mid-day trading on Monday . The stock traded as high as $13.39 and last traded at $13.31, approximately 624,500 shares traded hands during mid-day trading. An increase of 2% from the average daily volume of 613,316 shares. The stock had previously closed at $12.34.
Several analysts have issued reports on OIS shares. Royal Bank of Canada dropped their price objective on Oil States International to $23.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 30th. ValuEngine upgraded Oil States International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Oil States International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Piper Jaffray Companies set a $16.00 price objective on Oil States International and gave the company a “hold” rating in a research note on Wednesday, June 26th. Finally, Raymond James dropped their price objective on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.11.
The company has a quick ratio of 1.57, a current ratio of 2.67 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $15.77. The stock has a market cap of $781.76 million, a P/E ratio of -110.92 and a beta of 2.26.
Oil States International (NYSE:OIS) last released its quarterly earnings data on Monday, July 29th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Oil States International had a negative net margin of 4.02% and a negative return on equity of 2.29%. The business had revenue of $264.70 million during the quarter, compared to the consensus estimate of $273.73 million. During the same quarter in the prior year, the company earned $0.05 EPS. Oil States International’s quarterly revenue was down 7.4% on a year-over-year basis. On average, equities analysts anticipate that Oil States International, Inc. will post -0.57 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new position in Oil States International during the 2nd quarter valued at approximately $35,000. Public Employees Retirement System of Ohio grew its holdings in Oil States International by 10.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,310 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 777 shares in the last quarter. Neuburgh Advisers LLC grew its holdings in Oil States International by 20.8% during the 2nd quarter. Neuburgh Advisers LLC now owns 9,472 shares of the oil and gas company’s stock valued at $173,000 after buying an additional 1,632 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Oil States International during the 2nd quarter valued at approximately $211,000. Finally, Glen Harbor Capital Management LLC grew its holdings in Oil States International by 20.8% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 13,024 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 2,244 shares in the last quarter.
Oil States International Company Profile (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 in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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