Oil States International (NYSE:OIS) Price Target Lowered to $11.00 at Susquehanna

Oil States International (NYSE:OIS) had its price objective trimmed by Susquehanna from $13.00 to $11.00 in a research note released on Wednesday morning, Marketbeat.com reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Oil States International from $10.00 to $15.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a research note on Tuesday, April 21st. Raymond James Financial restated an “outperform” rating and set a $14.00 price target on shares of Oil States International in a research note on Monday, February 23rd. Finally, Wall Street Zen raised shares of Oil States International from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Oil States International Price Performance

Oil States International stock opened at $8.92 on Wednesday. Oil States International has a 1-year low of $4.17 and a 1-year high of $14.50. The business has a fifty day moving average price of $11.72 and a 200-day moving average price of $8.93. The stock has a market capitalization of $536.68 million, a price-to-earnings ratio of -4.60 and a beta of 1.20.

Oil States International (NYSE:OIS) last announced its 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. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.The company had revenue of $145.36 million for the quarter, compared to analyst estimates of $153.79 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Oil States International will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oil States International

A number of large investors have recently bought and sold shares of OIS. Ameriprise Financial Inc. increased its holdings in Oil States International by 157.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock worth $2,933,000 after buying an additional 334,279 shares during the period. LSV Asset Management purchased a new stake in shares of Oil States International in the 3rd quarter valued at $1,094,000. Russell Investments Group Ltd. increased its stake in shares of Oil States International by 121.3% in the third quarter. Russell Investments Group Ltd. now owns 287,663 shares of the oil and gas company’s stock worth $1,743,000 after acquiring an additional 157,688 shares during the period. Kennedy Capital Management LLC increased its stake in shares of Oil States International by 8.5% in the fourth quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company’s stock worth $9,834,000 after acquiring an additional 113,541 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Oil States International during the second quarter worth $505,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

About Oil States International

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.