Oil States International (NYSE:OIS) PT Lowered to $10.00 at Stifel Nicolaus

Oil States International (NYSE:OIS) had its target price cut by equities researchers at Stifel Nicolaus from $12.00 to $10.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 146.91% from the stock’s previous close.

Separately, Susquehanna reduced their target price on Oil States International from $6.50 to $4.50 and set a “neutral” rating on the stock in a research note on Monday.

Oil States International Price Performance

OIS opened at $4.05 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.83 and a current ratio of 3.31. Oil States International has a 52-week low of $3.98 and a 52-week high of $9.02. The stock has a market capitalization of $260.05 million, a PE ratio of -101.25 and a beta of 2.56. The stock’s 50 day moving average price is $5.73 and its 200-day moving average price is $6.40.

Oil States International (NYSE:OIS) last posted its earnings results on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $167.26 million for the quarter, compared to analysts’ expectations of $190.08 million. On average, equities research analysts predict that Oil States International will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Oil States International

Hedge funds have recently made changes to their positions in the company. Gendell Jeffrey L boosted its position in shares of Oil States International by 6.3% during the third quarter. Gendell Jeffrey L now owns 3,007,167 shares of the oil and gas company’s stock valued at $25,170,000 after purchasing an additional 179,186 shares in the last quarter. Kennedy Capital Management LLC boosted its position in shares of Oil States International by 63.1% during 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 purchasing an additional 204,298 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Oil States International during the fourth quarter valued at approximately $400,000. SG Americas Securities LLC bought a new stake in shares of Oil States International during the third quarter valued at approximately $312,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Oil States International by 19.3% during the fourth 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 in the last quarter. 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.