Oil States International (NYSE:OIS) Price Target Cut to $10.00

Oil States International (NYSE:OIS) had its price objective dropped by investment analysts at Stifel Nicolaus from $12.00 to $10.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 148.45% from the stock’s current price.

Separately, Susquehanna lowered their target price on Oil States International from $6.50 to $4.50 and set a “neutral” rating on the stock in a report on Monday.

Oil States International Price Performance

NYSE:OIS opened at $4.03 on Tuesday. Oil States International has a 12 month low of $3.95 and a 12 month high of $9.02. The stock has a 50 day moving average of $5.65 and a two-hundred day moving average of $6.36. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.20. The firm has a market cap of $258.45 million, a P/E ratio of -100.63 and a beta of 2.56.

Oil States International (NYSE:OIS) last posted its quarterly earnings data 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). Oil States International had a positive return on equity of 1.62% and a negative net margin of 0.35%. The firm had revenue of $167.26 million for the quarter, compared to analysts’ expectations of $190.08 million. On average, analysts expect that Oil States International will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OIS. Gendell Jeffrey L lifted its holdings in Oil States International by 6.3% in 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. Foundry Partners LLC lifted its holdings in 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 acquiring an additional 28,762 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings 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 valued at $4,421,000 after acquiring an additional 204,298 shares during the last quarter. Hennessy Advisors Inc. lifted its holdings in Oil States International by 44.0% in the first quarter. Hennessy Advisors Inc. now owns 485,600 shares of the oil and gas company’s stock valued at $2,991,000 after acquiring an additional 148,300 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Oil States International by 19.9% in the fourth quarter. Russell Investments Group Ltd. now owns 157,765 shares of the oil and gas company’s stock valued at $1,071,000 after acquiring an additional 26,137 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.