Insider Selling: Christopher Cragg Unloads 15,000 Shares of Oil States International Stock (OIS)
Oil States International (NYSE:OIS) VP Christopher Cragg sold 15,000 shares of the company’s stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.56, for a total transaction of $1,463,400.00. Following the sale, the vice president now directly owns 39,469 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
OIS has been the subject of a number of recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Oil States International (NYSE:OIS) from $112.00 to $117.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Oil States International (NYSE:OIS) from $118.00 to $121.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, 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.
One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $103.04.
Oil States International (NYSE:OIS) traded up 2.85% on Monday, hitting $100.96. 915,328 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 $92.97 and its 200-day moving average is $89.31. The company has a market cap of $5.568 billion and a price-to-earnings ratio of 14.29.
Oil States International (NYSE:OIS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.50 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $2.01 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts expect that Oil States International will post $6.58 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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