Stifel Nicolaus Trims Oil States International (NYSE:OIS) Target Price to $10.00

Oil States International (NYSE:OIS) had its price objective reduced by Stifel Nicolaus from $12.00 to $10.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 148.45% from the stock’s current price.

Separately, Susquehanna dropped their price objective on shares of Oil States International from $6.50 to $4.50 and set a “neutral” rating for the company in a research note on Monday.

Oil States International Trading Up 0.9 %

Shares of Oil States International stock 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 company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.20. The stock has a market cap of $258.45 million, a PE ratio of -100.63 and a beta of 2.56. The company has a 50-day moving average of $5.65 and a two-hundred day moving average of $6.36.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OIS. GAMMA Investing LLC purchased a new position in shares of Oil States International during the 4th quarter worth approximately $35,000. Public Employees Retirement System of Ohio increased its stake in shares of Oil States International by 87.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,583 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 9,589 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Oil States International in the 3rd quarter worth approximately $312,000. BNP Paribas Financial Markets grew its stake in Oil States International by 202.1% in the 1st quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock worth $322,000 after acquiring an additional 34,979 shares during the period. Finally, Cornercap Investment Counsel Inc. purchased a new stake in Oil States International in the 4th quarter worth approximately $400,000. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.