Susquehanna Raises Oil States International (NYSE:OIS) Price Target to $5.50

Oil States International (NYSE:OIS) had its target price hoisted by Susquehanna from $4.50 to $5.50 in a research note published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reduced their price objective on shares of Oil States International from $12.00 to $10.00 and set a buy rating on the stock in a research note on Tuesday, April 30th. Piper Sandler decreased their price objective on shares of Oil States International from $7.50 to $5.50 and set a neutral rating on the stock in a research note on Monday, July 15th. Finally, StockNews.com cut Oil States International from a hold rating to a sell rating in a research note on Thursday, June 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $7.75.

Oil States International Stock Down 2.3 %

NYSE OIS opened at $5.59 on Tuesday. The company has a current ratio of 3.26, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market cap of $356.59 million, a price-to-earnings ratio of -139.75 and a beta of 2.66. The company has a 50 day moving average of $4.42 and a 200-day moving average of $5.19. Oil States International has a 1-year low of $3.91 and a 1-year high of $8.92.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $183.40 million. Oil States International had a positive return on equity of 2.18% and a negative net margin of 0.25%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. On average, equities research analysts expect that Oil States International will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oil States International

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in Oil States International in the 4th quarter valued at approximately $35,000. Comerica Bank lifted its stake in shares of Oil States International by 46.6% in the 1st quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock valued at $284,000 after acquiring an additional 14,631 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Oil States International by 202.1% during the 1st quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock valued at $322,000 after acquiring an additional 34,979 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in Oil States International during the 4th quarter worth $400,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Oil States International by 23.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 16,160 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.