StockNews.com Begins Coverage on Oil States International (NYSE:OIS)

StockNews.com assumed coverage on shares of Oil States International (NYSE:OIS – Get Rating) in a report published on Thursday. The brokerage issued a hold rating on the oil and gas company’s stock.

OIS has been the subject of several other reports. Susquehanna boosted their price objective on Oil States International from $8.00 to $10.00 and gave the stock a neutral rating in a research note on Tuesday, February 21st. Piper Sandler boosted their price objective on Oil States International from $5.00 to $9.00 and gave the stock a neutral rating in a research note on Friday, November 18th. Finally, TheStreet upgraded Oil States International from a d+ rating to a c- rating in a research report on Monday, January 30th.

Oil States International Price Performance

NYSE:OIS opened at $7.53 on Thursday. Oil States International has a 12 month low of $3.51 and a 12 month high of $10.47. The stock has a 50 day moving average of $8.72 and a two-hundred day moving average of $6.84. The company has a current ratio of 2.39, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20.

Oil States International (NYSE:OIS – Get Rating) last posted its quarterly earnings data on Friday, February 17th. The oil and gas company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Oil States International had a negative return on equity of 2.08% and a negative net margin of 1.29%. The company had revenue of $202.40 million during the quarter, compared to analyst estimates of $198.63 million. During the same period in the previous year, the business earned ($0.14) EPS. Oil States International’s quarterly revenue was up 25.5% on a year-over-year basis. Analysts expect that Oil States International will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Oil States International

A number of large investors have recently made changes to their positions in the stock. Yousif Capital Management LLC grew its position in shares of Oil States International by 3.6% in the first quarter. Yousif Capital Management LLC now owns 58,030 shares of the oil and gas company’s stock valued at $403,000 after purchasing an additional 2,010 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Oil States International by 22.3% in the third quarter. Mutual of America Capital Management LLC now owns 12,711 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 2,316 shares during the period. New York State Common Retirement Fund grew its position in Oil States International by 0.4% in the fourth quarter. New York State Common Retirement Fund now owns 1,325,313 shares of the oil and gas company’s stock worth $9,887,000 after acquiring an additional 4,736 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in Oil States International in the second quarter worth approximately $27,000. Finally, Rhumbline Advisers grew its position in Oil States International by 2.9% in the first quarter. Rhumbline Advisers now owns 204,495 shares of the oil and gas company’s stock worth $1,421,000 after acquiring an additional 5,849 shares during the period. 89.16% of the stock is currently owned by hedge funds and other institutional investors.

Oil States International Company Profile

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Oil States International, Inc engages in the provision of manufactured products and services used in the drilling, completion, subsea, production and infrastructure sectors of the oil and natural gas industry, as well as in the industrial and military sectors. It operates through the following segments: Well Site Services, Downhole Technologies and Offshore or Manufactured Products.