Oil States International (NYSE:OIS) Price Target Raised to $5.50

Oil States International (NYSE:OIS - Free Report) had its price objective raised by Susquehanna from $4.50 to $5.50 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the oil and gas company's stock.

Oil States International Stock Performance

NYSE OIS traded down $0.24 during trading hours on Tuesday, hitting $5.35. 294,194 shares of the stock were exchanged, compared to its average volume of 718,852. The company has a market cap of $331.07 million, a price-to-earnings ratio of 66.90 and a beta of 1.82. Oil States International has a 12-month low of $3.08 and a 12-month high of $5.86. The stock has a 50-day moving average of $4.78 and a 200 day moving average of $4.84. The company has a quick ratio of 1.91, a current ratio of 3.42 and a debt-to-equity ratio of 0.18.

Oil States International (NYSE:OIS - Get Free Report) last issued its earnings results on Thursday, May 1st. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $159.94 million during the quarter, compared to the consensus estimate of $164.08 million. Oil States International had a return on equity of 2.41% and a net margin of 0.77%. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS. As a group, equities research analysts forecast that Oil States International will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Oil States International

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Oil States International by 374.4% in 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 in the last quarter. Ethic Inc. grew its position in Oil States International by 14.2% during the fourth quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company's stock worth $239,000 after buying an additional 5,864 shares during the period. New York State Common Retirement Fund grew its position in Oil States International by 944.2% during the first quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company's stock worth $50,000 after buying an additional 8,800 shares during the period. BNP Paribas Financial Markets increased its holdings in Oil States International by 18.2% in the fourth quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company's stock valued at $306,000 after buying an additional 9,303 shares in the last quarter. Finally, MetLife Investment Management LLC lifted 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 acquiring an additional 17,019 shares during the period. 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.