Susquehanna Has Lowered Expectations for Oil States International (NYSE:OIS) Stock Price

Oil States International (NYSE:OIS) had its target price cut by equities research analysts at Susquehanna from $5.00 to $4.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Susquehanna’s price objective points to a potential upside of 17.82% from the company’s previous close.

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

Oil States International Stock Performance

OIS opened at $3.40 on Monday. Oil States International has a twelve month low of $3.08 and a twelve month high of $5.86. The stock has a market cap of $210.55 million, a PE ratio of -10.29 and a beta of 2.10. The business’s 50 day moving average is $4.84 and its 200-day moving average is $5.00. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18.

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

Institutional Trading of Oil States International

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Oil States International by 374.4% in the first quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 4,613 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Oil States International in the 4th quarter worth approximately $97,000. Quantbot Technologies LP bought a new stake in shares of Oil States International in the 4th quarter worth approximately $128,000. SG Americas Securities LLC lifted its stake in Oil States International by 21.5% during the fourth quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 4,771 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Oil States International by 82.4% during the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock worth $191,000 after buying an additional 17,019 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, 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.