Insider Selling: Oil States International Director Sells 5,500 Shares of Stock (OIS)
Oil States International (NYSE:OIS) Director S James Nelson unloaded 5,500 shares of Oil States International stock on the open market in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $96.86, for a total transaction of $532,730.00. Following the completion of the sale, the director now directly owns 26,595 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of Oil States International (NYSE:OIS) from $120.00 to $127.00 in a research note to investors on Friday. They now have a “positive” rating on the stock. Separately, analysts at Cowen and Company reiterated a “hold” rating on shares of Oil States International (NYSE:OIS) in a research note to investors on Monday. They now have a $98.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Oil States International (NYSE:OIS) from $105.00 to $113.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock.
One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the stock. Oil States International has an average rating of “Hold” and an average target price of $102.59.
Oil States International (NYSE:OIS) traded up 0.77% on Friday, hitting $98.16. 712,941 shares of the company’s stock traded hands. Oil States International has a 1-year low of $63.42 and a 1-year high of $104.00. The stock’s 50-day moving average is $92.92 and its 200-day moving average is $89.14. The company has a market cap of $5.414 billion and a P/E ratio of 14.18.
Oil States International (NYSE:OIS) last announced its earnings results on Tuesday, July 30th. The company reported $1.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.51 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $2.01 earnings per share. Oil States International’s revenue was down 4.6% compared to the same quarter last year. Analysts expect that Oil States International will post $6.59 EPS for the current fiscal year.
Oil States International, Inc (NYSE:OIS), through its subsidiaries, is a provider of specialty products and services to natural resources companies worldwide.
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