Susquehanna Forecasts Strong Price Appreciation for Oil States International (NYSE:OIS) Stock

Oil States International (NYSE:OIS) had its target price boosted by stock analysts at Susquehanna from $5.50 to $6.50 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Susquehanna’s price objective indicates a potential upside of 9.15% from the company’s previous close.

A number of other brokerages have also recently commented on OIS. Weiss Ratings restated a “hold (c)” rating on shares of Oil States International in a research report on Wednesday, October 8th. Wall Street Zen lowered Oil States International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Oil States International currently has an average rating of “Hold” and a consensus price target of $6.50.

Oil States International Price Performance

OIS stock opened at $5.96 on Monday. The stock has a market capitalization of $360.83 million, a price-to-earnings ratio of 54.14 and a beta of 1.82. The business’s fifty day moving average price is $5.96 and its two-hundred day moving average price is $5.26. Oil States International has a fifty-two week low of $3.08 and a fifty-two week high of $6.88.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $165.18 million for the quarter, compared to the consensus estimate of $169.01 million. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. Research analysts expect that Oil States International will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Oil States International

A number of hedge funds have recently added to or reduced their stakes in the business. Strs Ohio increased its holdings in Oil States International by 79.6% in the third quarter. Strs Ohio now owns 101,100 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 44,800 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Oil States International by 71.5% during the third quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 7,845 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Oil States International by 157.0% during the second quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock valued at $2,933,000 after buying an additional 334,279 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Oil States International in the second quarter worth $84,000. Finally, Marshall Wace LLP purchased a new position in Oil States International in the second quarter worth $505,000. 97.44% of the stock is currently owned by 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.