Oil States International (NYSE:OIS) Price Target Cut to $7.50 by Analysts at Piper Sandler

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

OIS has been the subject of several other research reports. Stifel Nicolaus dropped their price objective on shares of 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. Susquehanna lowered their price objective on Oil States International from $6.50 to $4.50 and set a neutral rating on the stock in a research note on Monday, April 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $8.00.

Oil States International Stock Up 6.8 %

Oil States International stock opened at $4.72 on Monday. The company’s 50-day moving average price is $5.53 and its two-hundred day moving average price is $6.23. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.20. The stock has a market cap of $303.09 million, a P/E ratio of -118.00 and a beta of 2.63. Oil States International has a twelve month low of $3.95 and a twelve month high of $9.02.

Oil States International (NYSE:OIS) last posted its earnings results on Friday, April 26th. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm 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%. As a group, analysts expect that Oil States International will post 0.26 EPS for the current year.

Hedge Funds Weigh In On Oil States International

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in shares of Oil States International in the 4th quarter valued at about $35,000. Public Employees Retirement System of Ohio raised its position in shares of Oil States International by 87.2% during the third 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 during the period. SG Americas Securities LLC acquired a new position in shares of Oil States International during the third quarter worth approximately $312,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 purchasing an additional 34,979 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in Oil States International during the fourth quarter worth $400,000. 97.44% of the stock is currently owned by 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.