Oil States International Given Average Recommendation of “Buy” by Brokerages (NYSE:OIS)
Shares of Oil States International (NYSE:OIS) have been given an average recommendation of “Buy” by the nineteen brokerages that are presently covering the company, Analyst Ratings.Net reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $78.83.
Oil States International (NYSE:OIS) opened at 61.28 on Monday. Oil States International has a 1-year low of $50.4057 and a 1-year high of $65.77. The stock’s 50-day moving average is $62.70 and its 200-day moving average is $58.41. The company has a market cap of $3.314 billion and a P/E ratio of 11.16.
Oil States International (NYSE:OIS) last released its earnings data on Friday, August 1st. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters 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 in the prior 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.
OIS has been the subject of a number of recent research reports. 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.
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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