Oil States International, Inc. (NYSE:OIS) – Equities researchers at G.Research dropped their FY2023 earnings per share (EPS) estimates for shares of Oil States International in a research report issued to clients and investors on Friday, February 21st. G.Research analyst S. Wong now forecasts that the oil and gas company will post earnings per share of $1.25 for the year, down from their prior forecast of $1.45. G.Research currently has a “Buy” rating on the stock. G.Research also issued estimates for Oil States International’s FY2024 earnings at $1.85 EPS.
Several other analysts also recently commented on OIS. ValuEngine downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Wells Fargo & Co upped their price objective on shares of Oil States International from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. raised shares of Oil States International from an “underweight” rating to a “neutral” rating and set a $11.00 price objective on the stock in a report on Friday. Zacks Investment Research downgraded shares of Oil States International from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Scotiabank downgraded shares of Oil States International from a “sector perform” rating to a “sector underperform” rating and set a $13.00 price objective on the stock. in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.70.
OIS stock opened at $8.87 on Monday. The firm’s fifty day simple moving average is $12.55 and its 200-day simple moving average is $14.23. The company has a market capitalization of $574.78 million, a P/E ratio of -2.27 and a beta of 2.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.48 and a quick ratio of 1.42. Oil States International has a 12 month low of $8.69 and a 12 month high of $21.27.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Oil States International by 11.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,297 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 987 shares during the period. California State Teachers Retirement System lifted its stake in shares of Oil States International by 1.5% in the 3rd quarter. California State Teachers Retirement System now owns 93,365 shares of the oil and gas company’s stock valued at $1,242,000 after purchasing an additional 1,393 shares during the period. First Mercantile Trust Co. raised its position in Oil States International by 26.2% during the fourth quarter. First Mercantile Trust Co. now owns 7,810 shares of the oil and gas company’s stock worth $127,000 after acquiring an additional 1,620 shares during the period. Nisa Investment Advisors LLC raised its position in Oil States International by 14.4% during the third quarter. Nisa Investment Advisors LLC now owns 20,510 shares of the oil and gas company’s stock worth $273,000 after acquiring an additional 2,580 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Oil States International during the fourth quarter worth $46,000.
In related news, Director Kleef William T. Van sold 7,383 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $17.44, for a total value of $128,759.52. Following the completion of the transaction, the director now directly owns 38,326 shares in the company, valued at approximately $668,405.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lias Jeff Steen sold 15,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $16.62, for a total transaction of $249,300.00. Following the completion of the transaction, the vice president now owns 245,608 shares of the company’s stock, valued at $4,082,004.96. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Oil States International Company Profile
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.