Oil States International (OIS) Shares Down 5.7%

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Shares of Oil States International, Inc. (NYSE:OIS) dropped 5.7% during trading on Monday . The stock traded as low as $16.90 and last traded at $17.14. Approximately 595,400 shares traded hands during trading, a decline of 3% from the average daily volume of 616,812 shares. The stock had previously closed at $18.18.

OIS has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Royal Bank of Canada set a $32.00 price objective on shares of Oil States International and gave the company a “hold” rating in a research report on Friday, April 26th. Cowen restated a “market perform” rating and set a $21.00 price objective (up from $18.00) on shares of Oil States International in a research report on Monday, May 6th. Raymond James upgraded shares of Oil States International from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $26.00 to $27.00 in a research report on Wednesday, March 27th. They noted that the move was a valuation call. Finally, Wells Fargo & Co upgraded shares of Oil States International from a “market perform” rating to an “outperform” rating and set a $16.21 price objective on the stock in a research report on Friday, March 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.12.

The stock has a market cap of $1.04 billion, a P/E ratio of -156.42 and a beta of 2.36. The company has a current ratio of 2.83, a quick ratio of 1.68 and a debt-to-equity ratio of 0.20.

Oil States International (NYSE:OIS) last posted its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. The company had revenue of $250.60 million during the quarter, compared to analysts’ expectations of $245.20 million. Oil States International had a negative net margin of 2.79% and a negative return on equity of 1.48%. Oil States International’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted ($0.01) earnings per share. As a group, equities analysts forecast that Oil States International, Inc. will post -0.32 EPS for the current year.

In related news, VP Philip Scott Moses sold 6,583 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $18.51, for a total transaction of $121,851.33. Following the completion of the transaction, the vice president now directly owns 124,432 shares of the company’s stock, valued at $2,303,236.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher E. Cragg sold 3,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $20.43, for a total transaction of $61,290.00. Following the transaction, the vice president now directly owns 203,612 shares of the company’s stock, valued at $4,159,793.16. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mason Street Advisors LLC grew its stake in Oil States International by 4.3% during the first quarter. Mason Street Advisors LLC now owns 19,429 shares of the oil and gas company’s stock valued at $330,000 after acquiring an additional 802 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in Oil States International by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 15,112 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 845 shares in the last quarter. Arizona State Retirement System grew its stake in Oil States International by 1.0% during the first quarter. Arizona State Retirement System now owns 93,326 shares of the oil and gas company’s stock valued at $1,583,000 after acquiring an additional 959 shares in the last quarter. Eagle Asset Management Inc. grew its stake in Oil States International by 0.4% during the fourth quarter. Eagle Asset Management Inc. now owns 285,222 shares of the oil and gas company’s stock valued at $4,072,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Neuburgh Advisers LLC grew its stake in Oil States International by 50.3% during the fourth quarter. Neuburgh Advisers LLC now owns 7,840 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 2,624 shares in the last quarter.

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

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