Oil States International (NYSE:OIS) Price Target Lowered to $5.50 at Piper Sandler

Oil States International (NYSE:OIS) had its price objective decreased by equities researchers at Piper Sandler from $7.50 to $5.50 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Piper Sandler’s price target would indicate a potential upside of 27.91% from the company’s previous close.

OIS has been the topic of a number of other reports. Stifel Nicolaus cut their price target on shares of Oil States International from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. StockNews.com lowered shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Finally, Susquehanna lowered their price target on Oil States International from $6.50 to $4.50 and set a “neutral” rating for the company in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.50.

Oil States International Stock Performance

Shares of NYSE:OIS opened at $4.30 on Monday. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.20. Oil States International has a 12 month low of $3.91 and a 12 month high of $9.02. The company has a market capitalization of $276.10 million, a price-to-earnings ratio of -107.50 and a beta of 2.67. The firm’s 50-day moving average is $4.35 and its 200 day moving average is $5.33.

Oil States International (NYSE:OIS) last issued its quarterly 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 positive return on equity of 1.62% and a negative net margin of 0.35%. The business had revenue of $167.26 million for the quarter, compared to the consensus estimate of $190.08 million. Research analysts predict that Oil States International will post 0.25 EPS for the current year.

Institutional Trading of Oil States International

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Oil States International in the fourth quarter worth about $35,000. Public Employees Retirement System of Ohio lifted its position in 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 acquiring an additional 9,589 shares during the period. Comerica Bank grew its stake in Oil States International by 46.6% during the 1st quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 14,631 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Oil States International by 19.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,843 shares of the oil and gas company’s stock valued at $644,000 after purchasing an additional 15,340 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. raised its stake in shares of Oil States International by 19.3% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 94,843 shares of the oil and gas company’s stock worth $643,000 after purchasing an additional 15,340 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other 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.