Susquehanna Lowers Oil States International (NYSE:OIS) Price Target to $11.00

Key Points

• Susquehanna cut its price target on Oil States International to $11 from $13 and maintained a "neutral" rating, implying roughly a 20% upside from the stock's current level.
• Analyst sentiment is mixed but mildly positive: two analysts rate the stock Buy and two rate it Hold, giving a MarketBeat consensus of "Moderate Buy" and a consensus price target of $13.33, with Stifel and Raymond James holding higher targets ($15 and $14).
• Shares traded at $9.17 mid-day; the company beat EPS estimates ($0.09 vs. $0.08) while revenue fell 9.1% year-over-year and net margin remained negative, with a market cap around $552M and institution ownership near 97%.

Oil States International (NYSE:OIS - Get Free Report) had its price target lowered by Susquehanna from $13.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Susquehanna's price target would indicate a potential upside of 19.98% from the company's current price.

Several other equities research analysts have also weighed in on the company. Wall Street Zen upgraded Oil States International from a "hold" rating to a "buy" rating in a research report on Saturday, February 28th. Stifel Nicolaus lifted their price target on Oil States International from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Oil States International in a research report on Tuesday, April 21st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $14.00 target price on shares of Oil States International in a report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.33.

Oil States International Stock Performance

Shares of NYSE OIS traded down $0.46 during mid-day trading on Wednesday, hitting $9.17. 306,145 shares of the stock traded hands, compared to its average volume of 1,038,549. Oil States International has a 52 week low of $4.17 and a 52 week high of $14.50. The company has a market cap of $551.91 million, a price-to-earnings ratio of -4.77 and a beta of 1.20. The stock has a fifty day moving average price of $11.81 and a 200-day moving average price of $8.91.

Oil States International (NYSE:OIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Oil States International had a positive return on equity of 3.27% and a negative net margin of 16.35%.The company had revenue of $145.36 million for the quarter, compared to analyst estimates of $153.79 million. During the same period in the previous year, the company posted $0.06 earnings per share. The firm's revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Oil States International will post 0.57 EPS for the current fiscal year.

Institutional Trading of Oil States International

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Oil States International by 221.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company's stock valued at $37,000 after acquiring an additional 4,740 shares during the last quarter. BNP Paribas Financial Markets increased its position in Oil States International by 98.8% during the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company's stock valued at $70,000 after acquiring an additional 5,779 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Oil States International during the second quarter valued at $84,000. Captrust Financial Advisors increased its position in Oil States International by 19.5% during the fourth quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company's stock valued at $97,000 after acquiring an additional 2,332 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Oil States International by 71.5% during the third quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company's stock valued at $114,000 after acquiring an additional 7,845 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International's flat steel solutions business manufactures and distributes steel pipeline and flowback products.

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