Oil States International (OIS) Hits New 12-Month Low at $19.92

Share on StockTwits

Oil States International, Inc. (NYSE:OIS)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $19.92 and last traded at $20.23, with a volume of 22462 shares traded. The stock had previously closed at $21.36.

Several research firms have commented on OIS. Zacks Investment Research downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. ValuEngine raised shares of Oil States International from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Raymond James lowered their target price on shares of Oil States International from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 30th. Credit Suisse Group set a $28.00 target price on shares of Oil States International and gave the stock a “hold” rating in a research report on Tuesday, October 30th. Finally, TheStreet downgraded shares of Oil States International from a “c-” rating to a “d+” rating in a research report on Monday, November 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Oil States International presently has a consensus rating of “Hold” and a consensus price target of $32.83.

The company has a debt-to-equity ratio of 0.23, a current ratio of 3.04 and a quick ratio of 1.91.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Monday, October 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Oil States International had a negative net margin of 4.28% and a negative return on equity of 0.44%. The company had revenue of $274.59 million during the quarter, compared to analysts’ expectations of $274.97 million. During the same period in the prior year, the company earned ($0.30) earnings per share. The business’s quarterly revenue was up 67.4% compared to the same quarter last year. As a group, equities research analysts expect that Oil States International, Inc. will post -0.06 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in OIS. Principal Financial Group Inc. boosted its holdings in Oil States International by 22.5% during the first quarter. Principal Financial Group Inc. now owns 468,186 shares of the oil and gas company’s stock valued at $12,266,000 after acquiring an additional 85,882 shares during the period. Aperio Group LLC lifted its stake in shares of Oil States International by 5.0% in the second quarter. Aperio Group LLC now owns 70,845 shares of the oil and gas company’s stock valued at $2,274,000 after buying an additional 3,345 shares during the period. Alps Advisors Inc. lifted its stake in shares of Oil States International by 10.9% in the second quarter. Alps Advisors Inc. now owns 25,234 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 2,478 shares during the period. Rhumbline Advisers lifted its stake in shares of Oil States International by 6.5% in the second quarter. Rhumbline Advisers now owns 156,200 shares of the oil and gas company’s stock valued at $5,014,000 after buying an additional 9,532 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Oil States International by 16.8% in the second quarter. SG Americas Securities LLC now owns 145,690 shares of the oil and gas company’s stock valued at $4,677,000 after buying an additional 21,001 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Oil States International (OIS) Hits New 12-Month Low at $19.92” was first published by Equities Focus and is owned by of Equities Focus. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.equitiesfocus.com/2018/12/08/oil-states-international-ois-hits-new-12-month-low-at-19-92.html.

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 through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

Featured Story: How do candlesticks reflect price movement?

Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply