Oil States International (NYSE:OIS) Upgraded at StockNews.com

StockNews.com upgraded shares of Oil States International (NYSE:OIS) from a sell rating to a hold rating in a report issued on Saturday morning.

Oil States International Price Performance

OIS stock opened at $5.43 on Friday. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $342.50 million, a PE ratio of -16.44 and a beta of 2.61. Oil States International has a 12-month low of $3.91 and a 12-month high of $6.53. The business’s fifty day moving average price is $5.21 and its 200 day moving average price is $5.05.

Institutional Investors Weigh In On Oil States International

Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in Oil States International during the 4th quarter worth about $97,000. SG Americas Securities LLC increased its holdings in shares of Oil States International by 83.1% in the 3rd quarter. SG Americas Securities LLC now owns 22,229 shares of the oil and gas company’s stock valued at $102,000 after acquiring an additional 10,087 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Oil States International in the 4th quarter valued at about $128,000. MetLife Investment Management LLC boosted its position in shares of Oil States International by 82.4% in the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 17,019 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Oil States International by 40.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 51,167 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 14,654 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

About Oil States International

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.