Susquehanna Sticks to Their Hold Rating for Oil States International (OIS)

Susquehanna analyst Charles Minervino maintained a Hold rating on Oil States International yesterday and set a price target of $13.00. The company’s shares closed yesterday at $11.20.

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Minervino covers the Energy sector, focusing on stocks such as TechnipFMC, Baker Hughes Company, and Devon Energy. According to TipRanks, Minervino has an average return of 14.3% and a 61.32% success rate on recommended stocks.

Oil States International has an analyst consensus of Moderate Buy, with a price target consensus of $14.00, implying a 25.00% upside from current levels. In a report released on March 24, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $13.00 price target.

Based on Oil States International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $178.24 million and a GAAP net loss of $117.25 million. In comparison, last year the company earned a revenue of $164.6 million and had a net profit of $15.16 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OIS in relation to earlier this year. Earlier this month, Darrell Hollek, a Director at OIS sold 42,511.00 shares for a total of $493,552.71.