Oil States International (NYSE:OIS) Given New $9.00 Price Target at Stifel Nicolaus

Oil States International (NYSE:OIS) had its price target lowered by Stifel Nicolaus from $10.00 to $9.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other equities analysts have also recently issued reports on OIS. StockNews.com upgraded shares of Oil States International from a sell rating to a hold rating in a research note on Tuesday, July 30th. 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. Finally, Piper Sandler cut their price objective on Oil States International from $7.50 to $5.50 and set a neutral rating for the company in a research note on Monday, July 15th.

Oil States International Price Performance

NYSE OIS opened at $4.81 on Friday. The firm’s fifty day simple moving average is $4.90 and its two-hundred day simple moving average is $4.82. The company has a current ratio of 3.26, a quick ratio of 1.75 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 firm has a market capitalization of $308.87 million, a P/E ratio of -120.25 and a beta of 2.65.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $186.40 million for the quarter, compared to the consensus estimate of $183.40 million. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. Oil States International’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. Analysts forecast that Oil States International will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OIS. SG Americas Securities LLC grew its stake in shares of Oil States International by 83.1% in the 3rd quarter. SG Americas Securities LLC now owns 22,229 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 10,087 shares during the period. Comerica Bank boosted its stake in Oil States International by 46.6% during the first 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 during the period. BNP Paribas Financial Markets lifted its stake in Oil States International by 202.1% during the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock worth $322,000 after purchasing an additional 34,979 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Oil States International by 23.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock valued at $525,000 after acquiring an additional 16,160 shares during the period. Finally, Quantbot Technologies LP grew its position in Oil States International by 524.0% in the 1st quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock valued at $631,000 after acquiring an additional 85,973 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

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.