Susquehanna Trims Oil States International (NYSE:OIS) Target Price to $4.50

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

Oil States International Trading Up 0.9 %

Shares of OIS stock opened at $4.03 on Monday. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.20. Oil States International has a fifty-two week low of $3.95 and a fifty-two week high of $9.02. The firm’s 50 day moving average price is $5.65 and its two-hundred day moving average price is $6.36. The stock has a market cap of $258.45 million, a price-to-earnings ratio of -100.63 and a beta of 2.56.

Oil States International (NYSE:OIS) last issued its earnings results on Friday, April 26th. The oil and gas company reported ($0.03) EPS 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 business had revenue of $167.26 million during the quarter, compared to analysts’ expectations of $190.08 million. On average, analysts anticipate that Oil States International will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Oil States International

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in Oil States International during the 4th quarter worth approximately $35,000. Public Employees Retirement System of Ohio boosted its stake in shares of Oil States International by 87.2% in the third 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 purchasing an additional 9,589 shares during the period. SG Americas Securities LLC purchased a new position in shares of Oil States International in the third quarter valued at $312,000. BNP Paribas Financial Markets grew its holdings in Oil States International by 202.1% during the 1st quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock valued at $322,000 after purchasing an additional 34,979 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in Oil States International during the 4th quarter worth $400,000. 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.