Oil States International (NYSE:OIS) Given New $4.50 Price Target at Susquehanna

Oil States International (NYSE:OIS) had its price objective trimmed by Susquehanna from $6.50 to $4.50 in a research note released on Monday, Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

Oil States International Stock Performance

Shares of NYSE OIS opened at $4.03 on Monday. 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 has a one year low of $3.95 and a one year high of $9.02. The business’s 50-day moving average price is $5.65 and its two-hundred day moving average price is $6.36. The company has a market capitalization of $258.45 million, a P/E ratio of -100.63 and a beta of 2.56.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $167.26 million during the quarter, compared to the consensus estimate of $190.08 million. Oil States International had a negative net margin of 0.35% and a positive return on equity of 1.62%. Analysts anticipate that Oil States International will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oil States International

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC acquired a new position in Oil States International during the fourth quarter worth $35,000. New York State Teachers Retirement System increased its holdings in shares of Oil States International by 5.2% during the 3rd 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 acquiring an additional 5,343 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Oil States International by 87.2% in 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 acquiring an additional 9,589 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Oil States International by 19.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,843 shares of the oil and gas company’s stock worth $644,000 after purchasing an additional 15,340 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its position in Oil States International by 19.3% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 94,843 shares of the oil and gas company’s stock worth $643,000 after purchasing an additional 15,340 shares during the period. 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.