Oil States International (NYSE:OIS) Given New $5.50 Price Target at Susquehanna

Oil States International (NYSE:OIS) had its price target upped by Susquehanna from $4.50 to $5.50 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

Oil States International Trading Up 2.1%

NYSE OIS opened at $5.47 on Tuesday. Oil States International has a 1-year low of $3.08 and a 1-year high of $5.86. The company has a current ratio of 3.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $4.66 and a 200-day moving average of $4.82. The firm has a market cap of $338.61 million, a PE ratio of 68.42 and a beta of 1.82.

Oil States International (NYSE:OIS) last released its earnings results on Thursday, May 1st. The oil and gas company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Oil States International had a return on equity of 2.41% and a net margin of 0.77%. The company had revenue of $159.94 million during the quarter, compared to analyst estimates of $164.08 million. During the same quarter in the previous year, the company posted ($0.03) EPS. Oil States International’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Oil States International will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OIS. Jump Financial LLC bought a new position in Oil States International during the 1st quarter valued at approximately $286,000. Quantbot Technologies LP raised its position in Oil States International by 213.0% during the 1st quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company’s stock valued at $409,000 after purchasing an additional 54,080 shares during the last quarter. Strs Ohio bought a new position in Oil States International during the 1st quarter valued at approximately $266,000. GAMMA Investing LLC raised its position in Oil States International by 2,343.3% during the 1st quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 28,870 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Oil States International during the 4th quarter valued at approximately $97,000. Institutional investors 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.