Susquehanna Lowers Oil States International (NYSE:OIS) Price Target to $5.00

Oil States International (NYSE:OIS) had its price objective reduced by investment analysts at Susquehanna from $5.50 to $5.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Susquehanna’s target price would indicate a potential upside of 3.09% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Piper Sandler decreased 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 research report on Monday, July 15th.

Oil States International Price Performance

Shares of OIS stock opened at $4.85 on Friday. The firm has a market cap of $309.38 million, a price-to-earnings ratio of -161.83 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. Oil States International has a 12 month low of $3.91 and a 12 month high of $8.29. The stock has a 50-day moving average price of $4.91 and a 200 day moving average price of $4.85.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $186.40 million for the quarter, compared to analyst estimates 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 firm’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $0.01 EPS. Research analysts expect that Oil States International will post 0.23 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OIS. Russell Investments Group Ltd. lifted its holdings in Oil States International by 109.0% during the 1st quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company’s stock valued at $2,031,000 after purchasing an additional 171,971 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of 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 worth $631,000 after buying an additional 85,973 shares during the period. BNP Paribas Financial Markets grew its stake in Oil States International by 202.1% in 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 buying an additional 34,979 shares during the last quarter. Comerica Bank raised its holdings in 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 period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Oil States International by 23.4% during the first quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock worth $525,000 after acquiring an additional 16,160 shares during the period. 97.44% of the stock is currently owned by institutional investors.

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.