Oil States International (NYSE:OIS) Price Target Cut to $4.00 by Analysts at Susquehanna

Oil States International (NYSE:OIS) had its price target reduced by Susquehanna from $5.00 to $4.00 in a research report sent to investors on Monday,Benzinga reports. Susquehanna currently has a neutral rating on the oil and gas company’s stock.

Separately, StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th.

Oil States International Trading Up 0.3 %

OIS stock opened at $3.46 on Monday. The company has a market capitalization of $214.58 million, a price-to-earnings ratio of -10.48 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83. Oil States International has a 1-year low of $3.08 and a 1-year high of $5.98. The business has a 50 day simple moving average of $4.87 and a two-hundred day simple moving average of $5.01.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Friday, February 21st. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The company had revenue of $164.60 million for the quarter, compared to the consensus estimate of $173.33 million. Research analysts anticipate that Oil States International will post 0.16 EPS for the current fiscal year.

Institutional Trading of Oil States International

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in Oil States International by 18.2% during the fourth quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company’s stock worth $306,000 after acquiring an additional 9,303 shares during the last quarter. Ethic Inc. boosted its holdings in shares of Oil States International by 14.2% in the 4th quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company’s stock worth $239,000 after purchasing an additional 5,864 shares during the period. MetLife Investment Management LLC increased its position in shares of Oil States International by 82.4% during the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 17,019 shares during the last quarter. GAMMA Investing LLC raised its holdings in Oil States International by 2,343.3% during the 1st quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 28,870 shares during the period. Finally, SG Americas Securities LLC lifted its position in Oil States International by 21.5% in the fourth quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company’s stock worth $137,000 after buying an additional 4,771 shares during the last quarter. 97.44% of the stock is currently owned by hedge funds and other 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.