Oil States International Upgraded to Outperform by RBC Capital (OIS)
Oil States International (NYSE:OIS) was upgraded by investment analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $115.00 price target on the stock, up from their previous price target of $105.00. RBC Capital’s price objective points to a potential upside of 13.58% from the stock’s previous close.
A number of other firms have also recently commented on OIS. Analysts at TheStreet upgraded shares of Oil States International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Separately, analysts at Cowen and Company cut their price target on shares of Oil States International from $109.00 to $107.00 in a research note on Monday, May 5th. They now have a “market perform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Oil States International from $105.00 to $110.00 in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $106.08.
Shares of Oil States International (NYSE:OIS) opened at 101.25 on Tuesday. Oil States International has a 1-year low of $86.81 and a 1-year high of $113.64. The stock has a 50-day moving average of $97.07 and a 200-day moving average of $98.95. The company has a market cap of $5.372 billion and a price-to-earnings ratio of 13.90.
Oil States International (NYSE:OIS) last announced its earnings results on Thursday, May 1st. The company reported $1.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.35 by $0.01. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $668.25 million. During the same quarter in the prior year, the company posted $1.80 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts predict that Oil States International will post $5.48 earnings per share for the current fiscal year.
In other Oil States International news, VP Bradley Dodson unloaded 26,700 shares of Oil States International stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $95.70, for a total transaction of $2,555,190.00. Following the completion of the sale, the vice president now directly owns 72,033 shares in the company, valued at approximately $6,893,558. The sale was disclosed in a filing with the SEC, 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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