Zacks Investment Research downgraded shares of Oil States International, Inc. (NYSE:OIS) from a hold rating to a sell rating in a research note published on Wednesday morning.

According to Zacks, “Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines, and a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments Offshore Products, Tubular Services and Well Site Services. “

OIS has been the topic of several other reports. Morgan Stanley downgraded Oil States International from an overweight rating to an equal weight rating and cut their target price for the stock from $55.00 to $32.00 in a report on Wednesday, June 21st. Loop Capital reaffirmed a buy rating on shares of Oil States International in a report on Monday, July 3rd. Wells Fargo & Company downgraded Oil States International from an outperform rating to a market perform rating and set a $33.00 target price on the stock. in a report on Friday, July 7th. Guggenheim downgraded Oil States International from a buy rating to a neutral rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets cut their target price on Oil States International from $35.00 to $33.00 and set a hold rating on the stock in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Oil States International currently has a consensus rating of Hold and a consensus price target of $35.00.

Oil States International (NYSE OIS) opened at 21.25 on Wednesday. The firm has a 50-day moving average price of $25.59 and a 200-day moving average price of $30.39. Oil States International has a 1-year low of $20.90 and a 1-year high of $41.75. The firm’s market cap is $1.09 billion.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.03. The firm had revenue of $171.40 million for the quarter, compared to the consensus estimate of $176.08 million. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.22) EPS. On average, analysts expect that Oil States International will post ($0.97) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC increased its position in shares of Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock worth $115,000 after buying an additional 102 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Oil States International by 17.5% in the second quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock worth $111,000 after buying an additional 612 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Oil States International by 95.8% in the second quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock worth $133,000 after buying an additional 2,394 shares in the last quarter. Winch Advisory Services LLC increased its position in shares of Oil States International by 113.1% in the second quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock worth $156,000 after buying an additional 3,049 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in shares of Oil States International during the second quarter worth about $159,000.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

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Analyst Recommendations for Oil States International (NYSE:OIS)

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