Howard Weil Upgrades Oil States International to Outperform (OIS)
Oil States International (NYSE:OIS) was upgraded by Howard Weil from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $125.00 price target on the stock. Howard Weil’s price target points to a potential upside of 23.65% from the company’s current price.
Shares of Oil States International (NYSE:OIS) opened at 101.09 on Thursday. Oil States International has a one year low of $71.36 and a one year high of $113.64. The stock has a 50-day moving average of $101.5 and a 200-day moving average of $99.92. The company has a market cap of $5.575 billion and a P/E ratio of 12.61.
Oil States International (NYSE:OIS) last released its earnings data on Thursday, October 31st. The company reported $1.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.45 by $0.01. The company had revenue of $684.50 million for the quarter, compared to the consensus estimate of $823.21 million. During the same quarter in the previous year, the company posted $1.97 earnings per share. On average, analysts predict that Oil States International will post $6.25 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on OIS. Analysts at Credit Suisse cut their price target on shares of Oil States International from $130.00 to $116.00 in a research note to investors on Wednesday, December 18th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferson Research upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research note to investors on Friday, December 6th. Nineteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $109.79.
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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