Oil States International Inc. Hits New 52-Week High at $104.63 (OIS)
Shares of Oil States International (NYSE:OIS) hit a new 52-week high during trading on Wednesday, AnalystRatingsNetwork.com reports. The stock traded as high as $104.63 and last traded at $104.56, with a volume of 1,044,567 shares trading hands. The stock had previously closed at $102.61.
A number of analysts have recently weighed in on OIS shares. Analysts at BMO Capital Markets upgraded shares of Oil States International (NYSE:OIS) from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $110.00 price target on the stock, up previously from $94.00. Separately, 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. Finally, 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.
Eighteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Oil States International currently has an average rating of “Hold” and a consensus price target of $103.93.
In other Oil States International news, VP Christopher Cragg unloaded 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $97.56, for a total value 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 document filed with the SEC, which can be accessed through this link.
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 $93.36 and its 200-day moving average is $89.88. The company has a market cap of $5.791 billion and a P/E ratio of 14.94.
Oil States International (NYSE:OIS) last released its earnings data 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 $6.49 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.