Oil States International Upgraded by BMO Capital Markets to Market Perform (OIS)
Oil States International (NYSE:OIS) was upgraded by research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. 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, September 13th. They now have a “positive” rating on the stock.
Eighteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Oil States International currently has an average rating of “Hold” and a consensus price target of $103.57.
Oil States International (NYSE:OIS) traded up 0.40% on Wednesday, hitting $103.02. The stock had a trading volume of 229,454 shares. Oil States International has a 52 week low of $63.42 and a 52 week high of $104.00. The stock has a 50-day moving average of $93.36 and a 200-day moving average of $89.88. The company has a market cap of $5.682 billion and a price-to-earnings ratio of 14.94.
Oil States International (NYSE:OIS) last issued its quarterly earnings data 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 $6.49 EPS for the current fiscal year.
In other Oil States International news, VP Christopher Cragg sold 15,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were 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 in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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