Oil States International (NYSE:OIS) Price Target Cut to $7.50

Oil States International (NYSE:OIS) had its price objective lowered by Piper Sandler from $8.00 to $7.50 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Piper Sandler’s price objective suggests a potential upside of 66.11% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Susquehanna lowered their target price on shares of 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. Stifel Nicolaus reduced 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.00.

Oil States International Stock Performance

NYSE OIS opened at $4.52 on Monday. The firm has a market cap of $289.91 million, a P/E ratio of -112.88 and a beta of 2.63. 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 company’s 50 day moving average is $5.56 and its 200-day moving average is $6.26. Oil States International has a 12-month low of $3.95 and a 12-month high of $9.02.

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 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. Sell-side analysts predict that Oil States International will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in shares of Oil States International in the 4th quarter worth $35,000. Public Employees Retirement System of Ohio raised 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 valued at $172,000 after buying an additional 9,589 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Oil States International during the 3rd quarter valued at $312,000. BNP Paribas Financial Markets grew its holdings in shares of Oil States International by 202.1% in the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock worth $322,000 after acquiring an additional 34,979 shares during the period. Finally, Cornercap Investment Counsel Inc. purchased a new stake in Oil States International during the fourth quarter valued at $400,000. 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.