Oil States International (NYSE:OIS) Earns Neutral Rating from Susquehanna

Oil States International (NYSE:OIS)‘s stock had its “neutral” rating reiterated by investment analysts at Susquehanna in a research report issued on Monday, Benzinga reports. They currently have a $6.50 price target on the oil and gas company’s stock. Susquehanna’s price objective points to a potential upside of 5.69% from the stock’s current price.

Oil States International Price Performance

Shares of NYSE OIS opened at $6.15 on Monday. The firm has a market capitalization of $394.89 million, a P/E ratio of 30.75 and a beta of 2.56. Oil States International has a one year low of $5.22 and a one year high of $9.02. The company’s fifty day moving average is $5.90 and its two-hundred day moving average is $6.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.82 and a current ratio of 3.10.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Oil States International had a net margin of 1.65% and a return on equity of 2.20%. The company had revenue of $208.30 million for the quarter, compared to the consensus estimate of $216.22 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that Oil States International will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

Hedge funds have recently bought and sold shares of the stock. Gendell Jeffrey L boosted its stake in shares of 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 valued at $25,170,000 after acquiring an additional 179,186 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Oil States International by 63.1% during the 3rd quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock worth $4,421,000 after purchasing an additional 204,298 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Oil States International during the third quarter worth about $312,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Oil States International in the third quarter valued at approximately $130,000. Finally, Foundry Partners LLC lifted its stake in shares of Oil States International by 3.1% during 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 during the period. 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.