StockNews.com Upgrades Oil States International (NYSE:OIS) to “Hold”

Oil States International (NYSE:OIS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other research firms have also recently commented on OIS. Stifel Nicolaus lowered their price target on shares of Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Susquehanna dropped their target price on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th.

Oil States International Trading Down 2.1 %

Shares of Oil States International stock traded down $0.11 during trading on Monday, hitting $4.98. The stock had a trading volume of 441,138 shares, compared to its average volume of 437,916. The company has a quick ratio of 1.83, a current ratio of 3.40 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $313.97 million, a PE ratio of -15.08 and a beta of 2.61. Oil States International has a 1 year low of $3.91 and a 1 year high of $6.53. The stock has a 50 day simple moving average of $5.25 and a 200 day simple moving average of $5.03.

Institutional Trading of Oil States International

A hedge fund recently raised its stake in Oil States International stock. SG Americas Securities LLC lifted its stake in Oil States International, Inc. (NYSE:OIS) by 21.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,000 shares of the oil and gas company’s stock after purchasing an additional 4,771 shares during the period. SG Americas Securities LLC’s holdings in Oil States International were worth $137,000 at the end of the most recent quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.