Oil States International (NYSE:OIS) Price Target Cut to $9.00 by Analysts at Stifel Nicolaus

Oil States International (NYSE:OIS) had its target price reduced by Stifel Nicolaus from $10.00 to $9.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.

Several other research analysts have also recently issued reports on OIS. StockNews.com upgraded shares of Oil States International from a sell rating to a hold rating in a report on Tuesday, July 30th. Piper Sandler lowered their target price on shares of Oil States International from $7.50 to $5.50 and set a neutral rating for the company in a report on Monday, July 15th. Finally, Susquehanna lowered their target price on shares of Oil States International from $5.50 to $5.00 and set a neutral rating for the company in a report on Friday.

Oil States International Stock Up 1.0 %

Shares of Oil States International stock opened at $4.90 on Friday. Oil States International has a 52-week low of $3.91 and a 52-week high of $8.29. The company has a 50 day moving average of $4.91 and a 200 day moving average of $4.85. The company has a quick ratio of 1.75, a current ratio of 3.26 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $314.65 million, a P/E ratio of -122.50 and a beta of 2.65.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The company had revenue of $186.40 million during the quarter, compared to the consensus estimate of $183.40 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, research analysts forecast that Oil States International will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A number of large investors have recently made changes to their positions in OIS. SG Americas Securities LLC increased its holdings in Oil States International by 83.1% during 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 in the last quarter. Comerica Bank increased its holdings in Oil States International by 46.6% during 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 in the last quarter. BNP Paribas Financial Markets increased its holdings in 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. Public Employees Retirement System of Ohio increased its holdings in Oil States International by 23.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock valued at $525,000 after acquiring an additional 16,160 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Oil States International by 524.0% during the 1st quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock valued at $631,000 after acquiring an additional 85,973 shares in the last quarter. 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.