Stifel Nicolaus Trims Oil States International (NYSE:OIS) Target Price to $9.00

Oil States International (NYSE:OIS) had its price target decreased by stock analysts at Stifel Nicolaus from $10.00 to $9.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 84.43% from the stock’s previous close.

Several other analysts have also commented on OIS. Piper Sandler dropped their price objective on Oil States International from $7.50 to $5.50 and set a “neutral” rating on the stock in a report on Monday, July 15th. StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Susquehanna dropped their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Friday.

Oil States International Stock Performance

Shares of NYSE:OIS traded up $0.03 during trading on Friday, hitting $4.88. The stock had a trading volume of 285,360 shares, compared to its average volume of 1,072,364. Oil States International has a 12-month low of $3.91 and a 12-month high of $8.29. The stock has a market capitalization of $311.30 million, a price-to-earnings ratio of -162.67 and a beta of 2.65. 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 stock has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $4.85.

Oil States International (NYSE:OIS) last announced its quarterly earnings results 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 company 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%. Oil States International’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. On average, equities research analysts expect that Oil States International will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of Oil States International

A number of institutional investors have recently made changes to their positions in OIS. Gendell Jeffrey L boosted its stake in shares of Oil States International by 8.0% in the first quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company’s stock worth $17,848,000 after acquiring an additional 215,274 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Oil States International by 109.0% in the first quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company’s stock worth $2,031,000 after acquiring an additional 171,971 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of Oil States International by 44.0% in the first quarter. Hennessy Advisors Inc. now owns 485,600 shares of the oil and gas company’s stock worth $2,991,000 after acquiring an additional 148,300 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Oil States International by 524.0% in the first quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock worth $631,000 after acquiring an additional 85,973 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Oil States International by 42.4% in the second quarter. Wedge Capital Management L L P NC now owns 251,807 shares of the oil and gas company’s stock worth $1,118,000 after acquiring an additional 74,983 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

Oil States International Company Profile

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.