Oil States International (NYSE:OIS) Given New $7.50 Price Target at Piper Sandler

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

A number of other brokerages also recently weighed in on OIS. Susquehanna dropped their target price 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, April 29th. Stifel Nicolaus lowered their price target on shares of Oil States International from $12.00 to $10.00 and set a buy rating for the company in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $8.00.

Oil States International Trading Down 1.9 %

Shares of OIS opened at $4.43 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.83 and a current ratio of 3.31. The company has a market cap of $284.15 million, a price-to-earnings ratio of -110.63 and a beta of 2.63. The stock has a fifty day moving average price of $5.54 and a two-hundred day moving average price of $6.24. Oil States International has a 52-week low of $3.95 and a 52-week high of $9.02.

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 analysts’ consensus estimates of ($0.01) by ($0.02). The business had revenue of $167.26 million during the quarter, compared to analyst estimates of $190.08 million. Oil States International had a negative net margin of 0.35% and a positive return on equity of 1.62%. Analysts predict that Oil States International will post 0.26 EPS for the current fiscal year.

Institutional Trading of Oil States International

Several institutional investors and hedge funds have recently added to or reduced their stakes in OIS. Gendell Jeffrey L raised its position in shares of Oil States International by 6.3% during the 3rd 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 stake 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 buying an additional 28,762 shares during the period. Kennedy Capital Management LLC lifted its stake 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 buying an additional 204,298 shares during the period. Hennessy Advisors Inc. grew its position in shares of Oil States International by 44.0% during the 1st quarter. Hennessy Advisors Inc. now owns 485,600 shares of the oil and gas company’s stock worth $2,991,000 after buying an additional 148,300 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Oil States International by 109.0% during the 1st quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company’s stock worth $2,031,000 after buying an additional 171,971 shares during the period. 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.