Oil States International (OIS) Stock Price Down 9.9%

Oil States International, Inc. (NYSE:OIS) fell 9.9% during mid-day trading on Thursday . The stock traded as low as $26.75 and last traded at $26.81. 1,395,924 shares changed hands during trading, an increase of 85% from the average session volume of 756,388 shares. The stock had previously closed at $29.76.

Several research firms recently issued reports on OIS. ValuEngine lowered Oil States International from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Zacks Investment Research lowered Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Cowen dropped their price objective on Oil States International from $36.00 to $33.00 and set a “market perform” rating for the company in a research note on Tuesday, July 31st. SunTrust Banks reissued a “hold” rating and set a $35.00 price objective on shares of Oil States International in a research note on Wednesday, August 1st. Finally, Susquehanna Bancshares set a $35.00 price objective on Oil States International and gave the company a “hold” rating in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Oil States International presently has an average rating of “Hold” and a consensus target price of $32.75.

The company has a debt-to-equity ratio of 0.24, a current ratio of 3.83 and a quick ratio of 2.39. The company has a market capitalization of $1.61 billion, a PE ratio of -25.57, a PEG ratio of 12.41 and a beta of 1.59.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Monday, July 30th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Oil States International had a negative return on equity of 1.59% and a negative net margin of 6.05%. The firm had revenue of $285.90 million during the quarter, compared to analyst estimates of $289.39 million. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The company’s revenue was up 66.8% compared to the same quarter last year. As a group, equities analysts predict that Oil States International, Inc. will post 0.1 earnings per share for the current fiscal year.

In other Oil States International news, VP Brian E. Taylor sold 2,380 shares of Oil States International stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $34.05, for a total transaction of $81,039.00. Following the completion of the sale, the vice president now owns 17,082 shares of the company’s stock, valued at $581,642.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.97% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Sei Investments Co. lifted its stake in shares of Oil States International by 51.7% in the 1st quarter. Sei Investments Co. now owns 5,496 shares of the oil and gas company’s stock valued at $144,000 after acquiring an additional 1,873 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Oil States International by 2.7% in 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 acquiring an additional 1,903 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in shares of 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 acquiring an additional 1,985 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of Oil States International by 28.7% in the 1st quarter. Profund Advisors LLC now owns 10,428 shares of the oil and gas company’s stock valued at $273,000 after acquiring an additional 2,328 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of 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 acquiring an additional 2,478 shares during the last quarter.

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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