Oil States International (NYSE:OIS) PT Lowered to $7.50 at Piper Sandler

Oil States International (NYSE:OIS) had its price target trimmed by Piper Sandler from $8.00 to $7.50 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

A number of other equities analysts have also recently commented on the company. Stifel Nicolaus lowered their target price on Oil States International from $12.00 to $10.00 and set a buy rating for the company in a report on Tuesday, April 30th. Susquehanna lowered their price objective on shares of Oil States International from $6.50 to $4.50 and set a neutral rating for the company in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $8.00.

Oil States International Price Performance

Shares of OIS opened at $4.72 on Monday. The firm has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $6.23. The stock has a market cap of $303.09 million, a PE ratio of -118.00 and a beta of 2.63. Oil States International has a 1-year low of $3.95 and a 1-year high of $9.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.31 and a quick ratio of 1.83.

Oil States International (NYSE:OIS) last posted its earnings results on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $190.08 million. As a group, analysts forecast that Oil States International will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Oil States International in the 3rd quarter worth $312,000. New York State Teachers Retirement System boosted its stake in shares of Oil States International by 5.2% in the third quarter. New York State Teachers Retirement System now owns 108,725 shares of the oil and gas company’s stock valued at $910,000 after buying an additional 5,343 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of Oil States International by 3.1% in the third quarter. Foundry Partners LLC now owns 956,021 shares of the oil and gas company’s stock valued at $8,002,000 after buying an additional 28,762 shares in the last quarter. Gendell Jeffrey L grew its holdings in Oil States International by 6.3% during the third quarter. Gendell Jeffrey L now owns 3,007,167 shares of the oil and gas company’s stock worth $25,170,000 after acquiring an additional 179,186 shares during the period. Finally, Kennedy Capital Management LLC raised its position in Oil States International by 63.1% in the third quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock worth $4,421,000 after acquiring an additional 204,298 shares in the last quarter. Institutional investors and hedge funds 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.