Stifel Nicolaus Lowers Oil States International (NYSE:OIS) Price Target to $9.00

Oil States International (NYSE:OIS - Free Report) had its price objective trimmed by Stifel Nicolaus from $10.00 to $9.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a buy rating on the oil and gas company's stock.

OIS has been the subject of a number of other research reports. Piper Sandler decreased their price objective on shares of Oil States International from $7.50 to $5.50 and set a neutral rating for the company in a research note on Monday, July 15th. StockNews.com raised Oil States International from a sell rating to a hold rating in a research report on Tuesday, July 30th. Finally, Susquehanna dropped their price target on Oil States International from $5.50 to $5.00 and set a neutral rating on the stock in a research report on Friday.

Oil States International Price Performance

NYSE OIS traded up $0.05 on Friday, reaching $4.90. The company's stock had a trading volume of 630,466 shares, compared to its average volume of 1,074,759. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 3.26. The stock has a market cap of $312.57 million, a PE ratio of -162.67 and a beta of 2.65. Oil States International has a twelve month low of $3.91 and a twelve month high of $8.29. The firm's 50 day moving average is $4.91 and its two-hundred day moving average is $4.85.

Oil States International (NYSE:OIS - Get Free Report) last announced its earnings results on Monday, July 29th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The company had revenue of $186.40 million for the quarter, compared to analyst estimates of $183.40 million. Oil States International had a positive return on equity of 2.18% and a negative net margin of 0.25%. Oil States International's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. As a group, sell-side analysts predict that Oil States International will post 0.23 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. increased its stake in shares of Oil States International by 44.0% during the 1st quarter. Hennessy Advisors Inc. now owns 485,600 shares of the oil and gas company's stock worth $2,991,000 after purchasing an additional 148,300 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Oil States International by 202.1% during the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company's stock valued at $322,000 after buying an additional 34,979 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Oil States International by 524.0% in the first quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company's stock worth $631,000 after buying an additional 85,973 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Oil States International by 109.0% during the 1st quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company's stock worth $2,031,000 after acquiring an additional 171,971 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Oil States International by 23.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company's stock valued at $525,000 after acquiring an additional 16,160 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

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.