Oil States International Sets New 1-Year Low After Earnings Miss (OIS)
Oil States International (NYSE:OIS)’s share price hit a new 52-week low during trading on Friday following a dissappointing earnings announcement, Stock Ratings Network reports. The company traded as low as $59.81 and last traded at $59.94, with a volume of 1,096,774 shares trading hands. The stock had previously closed at $61.29.
The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.87 by $1.02. The company had revenue of $459.60 million for the quarter, compared to the consensus estimate of $459.61 million. During the same quarter last year, the company posted $1.50 earnings per share.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird initiated coverage on shares of Oil States International in a research note on Tuesday, July 15th. They set an “outperform” rating and a $76.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Oil States International from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 2nd. They now have a $62.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Oil States International from $110.00 to $68.00 in a research note on Monday, June 9th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Oil States International currently has an average rating of “Hold” and an average target price of $89.42.
The stock’s 50-day moving average is $63.36 and its 200-day moving average is $58.05. The company has a market cap of $3.183 billion and a price-to-earnings ratio of 8.73.
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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