Oil States International (NYSE:OIS) Shares Up 8.2% – What’s Next?

Shares of Oil States International, Inc. (NYSE:OIS) traded up 8.2% on Wednesday . The company traded as high as $8.46 and last traded at $8.47. Approximately 103,393 shares were traded during trading, a decline of 90% from the average daily volume of 985,156 shares. The stock had previously closed at $7.83.

Analyst Ratings Changes

Several research firms have commented on OIS. Susquehanna cut their price target on Oil States International from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. Wall Street Zen lowered Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.33.

Oil States International Stock Performance

The company has a market capitalization of $509.21 million, a P/E ratio of -4.37 and a beta of 1.08. The firm has a 50 day moving average price of $8.67 and a two-hundred day moving average price of $9.54.

Oil States International (NYSE:OIS) last posted its earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $145.36 million during the quarter, compared to the consensus estimate of $153.79 million. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.Oil States International’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, equities analysts expect that Oil States International, Inc. will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Oil States International

Institutional investors and hedge funds have recently made changes to their positions in the company. Kennedy Capital Management LLC grew its holdings in shares of Oil States International by 8.5% in the 4th quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company’s stock worth $9,834,000 after purchasing an additional 113,541 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Oil States International by 157.0% during the second quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock worth $2,933,000 after buying an additional 334,279 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Oil States International by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company’s stock worth $1,981,000 after buying an additional 4,989 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Oil States International during the first quarter worth approximately $2,839,000. Finally, LSV Asset Management increased its holdings in shares of Oil States International by 22.8% during the fourth quarter. LSV Asset Management now owns 221,600 shares of the oil and gas company’s stock worth $1,500,000 after buying an additional 41,094 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.