Oil States International Reaches New 1-Year Low at $60.80 (OIS)
Oil States International (NYSE:OIS) reached a new 52-week low during trading on Monday , AnalystRatings.NET reports. The stock traded as low as $60.80 and last traded at $61.37, with a volume of 666,943 shares changing hands. The stock had previously closed at $107.58.
A number of research firms have recently commented on OIS. Analysts at Sterne Agee upgraded shares of Oil States International from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $72.00 price target on the stock. Separately, analysts at Howard Weil downgraded shares of Oil States International from a “sector outperform” rating to a “sector perform” rating in a research note on Monday. They now have a $64.00 price target on the stock. Finally, analysts at ISI Group upgraded shares of Oil States International from an “equal weight” rating to an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $99.93.
The stock’s 50-day moving average is $98.74 and its 200-day moving average is $98.96. The company has a market cap of $3.269 billion and a P/E ratio of 8.76.
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. Analysts expect that Oil States International will post $5.48 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.