Susquehanna Issues Pessimistic Forecast for Oil States International (NYSE:OIS) Stock Price

Oil States International (NYSE:OIS - Get Free Report) had its price target decreased by Susquehanna from $5.00 to $4.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Susquehanna's target price suggests a potential upside of 10.68% from the company's previous close.

Separately, StockNews.com upgraded shares of Oil States International from a "sell" rating to a "hold" rating in a report on Saturday, February 15th.

Oil States International Price Performance

OIS stock traded up $0.19 during midday trading on Monday, reaching $3.61. The company had a trading volume of 1,064,287 shares, compared to its average volume of 815,446. The company has a market capitalization of $224.13 million, a price-to-earnings ratio of -10.95 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 $5.86. The stock has a 50 day moving average price of $4.73 and a 200-day moving average price of $4.98.

Oil States International (NYSE:OIS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $164.60 million during the quarter, compared to analyst estimates of $173.33 million. Equities research analysts expect that Oil States International will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Oil States International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Oil States International by 374.4% during the 1st quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company's stock valued at $30,000 after purchasing an additional 4,613 shares during the period. Marshall Wace LLP bought a new stake in shares of Oil States International during the fourth quarter valued at approximately $97,000. Quantbot Technologies LP bought a new position in Oil States International in the fourth quarter worth $128,000. SG Americas Securities LLC boosted its holdings in shares of Oil States International by 21.5% during the 4th quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company's stock valued at $137,000 after buying an additional 4,771 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Oil States International by 82.4% in the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock worth $191,000 after acquiring an additional 17,019 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

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.