Susquehanna Issues Pessimistic Forecast for Oil States International (NYSE:OIS) Stock Price

Oil States International (NYSE:OIS) had its price target cut by research analysts at Susquehanna from $11.00 to $8.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Susquehanna’s price target would suggest a potential upside of 2.37% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Wall Street Zen downgraded shares of Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.33.

Oil States International Price Performance

NYSE OIS opened at $7.82 on Wednesday. The stock has a market capitalization of $470.38 million, a P/E ratio of -4.03 and a beta of 1.08. The business has a 50 day simple moving average of $8.67 and a 200 day simple moving average of $9.54. Oil States International has a one year low of $4.75 and a one year high of $14.50.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $145.36 million for the quarter, compared to analyst estimates of $153.79 million. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.The company’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. Equities analysts expect that Oil States International will post 0.55 earnings per share for the current year.

Institutional Trading of Oil States International

Hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. bought a new stake in Oil States International during the 1st quarter valued at $2,839,000. EverSource Wealth Advisors LLC lifted its stake in shares of Oil States International by 19.4% in the first quarter. EverSource Wealth Advisors LLC now owns 9,248 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 1,502 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Oil States International during the first quarter valued at about $119,000. Hillsdale Investment Management Inc. grew its holdings in shares of Oil States International by 7.3% during the first quarter. Hillsdale Investment Management Inc. now owns 57,500 shares of the oil and gas company’s stock valued at $669,000 after buying an additional 3,900 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Oil States International by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company’s stock worth $1,981,000 after acquiring an additional 4,989 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.