Oil States International Inc. Reaches New 12-Month High at $108.89 (OIS)
Oil States International (NYSE:OIS)’s share price reached a new 52-week high on Friday, Stock Ratings Network reports. The company traded as high as $108.89 and last traded at $108.78, with a volume of 431,235 shares traded. The stock had previously closed at $106.81.
A number of research firms have recently commented on OIS. Analysts at Zacks downgraded shares of Oil States International (NYSE:OIS) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 26th. They now have a $101.60 price target on the stock. Separately, analysts at Global Hunter Securities downgraded shares of Oil States International (NYSE:OIS) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $92.00 price target on the stock, up previously from $81.00. Finally, 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, September 18th. They now have a $110.00 price target on the stock, up previously from $94.00. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. Oil States International currently has an average rating of “Hold” and a consensus price target of $102.92.
In other Oil States International news, CEO Cindy Taylor sold 24,150 shares of Oil States International stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $103.60, for a total transaction of $2,501,940.00. Following the completion of the transaction, the chief executive officer now directly owns 174,460 shares of the company’s stock, valued at approximately $18,074,056. The sale was disclosed in a filing with the SEC, which is available at this link.
Oil States International has a 52 week low of $63.42 and a 52 week high of $107.26. The stock’s 50-day moving average is $97.2 and its 200-day moving average is $92.00. The company has a market cap of $5.987 billion and a P/E ratio of 15.55.
Oil States International (NYSE:OIS) last released its 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 previous year, the company posted $2.01 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts predict that Oil States International will post $6.46 earnings per share 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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