Oil States International (NYSE:OIS) PT Lowered to $5.50

Oil States International (NYSE:OIS) had its price objective reduced by Piper Sandler from $7.50 to $5.50 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Piper Sandler’s target price would suggest a potential upside of 20.48% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Stifel Nicolaus dropped their price objective on 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. Susquehanna dropped their price objective on Oil States International from $6.50 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, StockNews.com cut Oil States International from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.50.

Oil States International Stock Performance

NYSE OIS opened at $4.57 on Monday. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.20. The firm has a market cap of $293.12 million, a price-to-earnings ratio of -114.13 and a beta of 2.67. Oil States International has a twelve month low of $3.91 and a twelve month high of $9.02. The business has a 50-day moving average price of $4.35 and a 200-day moving average price of $5.30.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Oil States International had a negative net margin of 0.35% and a positive return on equity of 1.62%. The company had revenue of $167.26 million for the quarter, compared to analysts’ expectations of $190.08 million. As a group, equities research analysts predict that Oil States International will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A number of institutional investors have recently modified their holdings of OIS. GAMMA Investing LLC purchased a new stake in Oil States International during the 4th quarter worth approximately $35,000. Public Employees Retirement System of Ohio increased its stake in Oil States International by 87.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,583 shares of the oil and gas company’s stock worth $172,000 after buying an additional 9,589 shares in the last quarter. Comerica Bank increased its stake 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 worth $284,000 after buying an additional 14,631 shares in the last quarter. BNP Paribas Financial Markets increased its stake 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 worth $322,000 after buying an additional 34,979 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in Oil States International during the 4th quarter worth approximately $400,000. 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.