Oil States International, Inc. (OIS) Given a $24.00 Price Target at Cowen and Company
Oil States International, Inc. (NYSE:OIS) received a $24.00 price objective from investment analysts at Cowen and Company in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the oil and gas company’s stock. Cowen and Company’s target price would suggest a potential downside of 5.14% from the company’s current price.
A number of other brokerages have also weighed in on OIS. BidaskClub raised Oil States International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Loop Capital reissued a “buy” rating on shares of Oil States International in a research report on Monday, July 3rd. Wells Fargo & Company began coverage on Oil States International in a research report on Friday, June 16th. They issued an “outperform” rating and a $33.00 target price for the company. Finally, Morgan Stanley lowered Oil States International from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $55.00 to $32.00 in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Oil States International presently has an average rating of “Hold” and an average target price of $33.55.
Oil States International (OIS) traded down 0.98% during trading on Friday, reaching $25.30. 675,054 shares of the company traded hands. The firm’s market capitalization is $1.29 billion. The company’s 50-day moving average price is $23.55 and its 200 day moving average price is $27.40. Oil States International has a 52 week low of $20.90 and a 52 week high of $41.75.
Oil States International (NYSE:OIS) last posted its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.03). Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The company had revenue of $171.40 million during the quarter, compared to analysts’ expectations of $176.08 million. During the same period in the prior year, the firm earned ($0.22) EPS. Oil States International’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that Oil States International will post ($0.97) EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC grew its stake in shares of Oil States International by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 612 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Oil States International by 95.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after purchasing an additional 2,394 shares during the period. Winch Advisory Services LLC grew its stake in shares of Oil States International by 113.1% during the 2nd quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 3,049 shares during the period. Integrated Investment Consultants LLC bought a new stake in shares of Oil States International during the 2nd quarter valued at about $159,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Oil States International during the 1st quarter valued at about $211,000.
Oil States International Company Profile
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.
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