Oil States International Receives Average Rating of “Buy” from Brokerages (NYSE:OIS)
Oil States International (NYSE:OIS) has been given a consensus rating of “Buy” by the nineteen ratings firms that are presently covering the company, Stock Ratings Network.com reports. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $78.83.
A number of analysts have recently weighed in on OIS shares. Analysts at Zacks upgraded shares of Oil States International from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $62.80 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Oil States International from $66.00 to $69.00 in a research note on Tuesday, August 5th. They now have a “market perform” rating on the stock. Finally, analysts at Capital One Financial Corp. raised their price target on shares of Oil States International from $66.00 to $70.00 in a research note on Tuesday, August 5th.
Shares of Oil States International (NYSE:OIS) opened at 62.58 on Monday. Oil States International has a 1-year low of $50.4057 and a 1-year high of $65.77. The stock has a 50-day moving average of $63.06 and a 200-day moving average of $58.25. The company has a market cap of $3.384 billion and a price-to-earnings ratio of 11.24.
Oil States International (NYSE:OIS) last posted its quarterly earnings results on Friday, August 1st. 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. Analysts expect that Oil States International will post $3.64 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.
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