Stifel Nicolaus Cuts Oil States International (NYSE:OIS) Price Target to $10.00

Oil States International (NYSE:OIS) had its price objective reduced by Stifel Nicolaus from $12.00 to $10.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.

Separately, Susquehanna reduced their target price on Oil States International from $6.50 to $4.50 and set a neutral rating for the company in a report on Monday.

Oil States International Trading Up 0.8 %

Shares of OIS traded up $0.04 during midday trading on Tuesday, hitting $4.33. The stock had a trading volume of 1,437,602 shares, compared to its average volume of 1,390,836. The business has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $6.32. The firm has a market cap of $277.71 million, a P/E ratio of -108.13 and a beta of 2.63. 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 fifty-two week low of $3.95 and a fifty-two week high of $9.02.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $167.26 million for the quarter, compared to analysts’ expectations of $190.08 million. As a group, equities analysts forecast that Oil States International will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new position in shares of Oil States International during the 4th quarter worth about $35,000. Public Employees Retirement System of Ohio lifted its position 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 worth $172,000 after purchasing an additional 9,589 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Oil States International during the 3rd quarter valued at about $312,000. BNP Paribas Financial Markets increased its stake in Oil States International by 202.1% in the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock valued at $322,000 after acquiring an additional 34,979 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new position in Oil States International in the fourth quarter worth about $400,000. 97.44% of the stock is 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.