Piper Sandler Trims Oil States International (NYSE:OIS) Target Price to $7.50

Oil States International (NYSE:OIS) had its price objective decreased by Piper Sandler from $8.00 to $7.50 in a research report sent to investors on Monday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the oil and gas company’s stock.

OIS has been the topic of a number of other reports. Susquehanna dropped their target price on Oil States International from $6.50 to $4.50 and set a neutral rating on the stock in a research report on Monday, April 29th. Stifel Nicolaus lowered their price objective on Oil States International from $12.00 to $10.00 and set a buy rating for the company in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Oil States International currently has a consensus rating of Hold and an average price target of $8.00.

Oil States International Stock Down 1.9 %

NYSE OIS opened at $4.43 on Monday. The stock has a market cap of $284.15 million, a PE ratio of -110.63 and a beta of 2.63. The business has a 50 day moving average price of $5.54 and a two-hundred day moving average price of $6.24. Oil States International has a fifty-two week low of $3.95 and a fifty-two week high of $9.02. 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 (NYSE:OIS) last announced its earnings results on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $167.26 million during the quarter, compared to analysts’ expectations of $190.08 million. As a group, sell-side analysts predict that Oil States International will post 0.26 EPS for the current fiscal year.

Institutional Trading of Oil States International

Several hedge funds and other institutional investors have recently bought and sold shares of OIS. GAMMA Investing LLC bought a new position in shares of Oil States International in the 4th quarter worth about $35,000. Public Employees Retirement System of Ohio boosted its stake in 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 acquiring an additional 9,589 shares during the period. SG Americas Securities LLC acquired a new position in Oil States International in the third quarter valued at approximately $312,000. BNP Paribas Financial Markets raised its position in shares of 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 worth $322,000 after purchasing an additional 34,979 shares during the period. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Oil States International in the 4th quarter worth approximately $400,000. 97.44% of the stock is owned by institutional investors.

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.