Oil States International, Inc. (OIS) Given a $28.00 Price Target by Royal Bank Of Canada Analysts
Oil States International, Inc. (NYSE:OIS) has been given a $28.00 price objective by research analysts at Royal Bank Of Canada in a research report issued on Friday. The firm presently has a “hold” rating on the oil and gas company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 20.69% from the company’s previous close.
Several other analysts have also weighed in on the stock. Scotiabank set a $41.00 target price on shares of Oil States International and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank AG began coverage on shares of Oil States International in a research report on Tuesday, October 10th. They set a “hold” rating and a $26.00 target price on the stock. Cowen and Company set a $24.00 target price on shares of Oil States International and gave the company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, J P Morgan Chase & Co reduced their price target on shares of Oil States International from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Oil States International currently has a consensus rating of “Hold” and a consensus price target of $31.27.
Oil States International (NYSE OIS) opened at 23.20 on Friday. Oil States International has a one year low of $20.90 and a one year high of $41.75. The company’s market cap is $1.19 billion. The firm has a 50-day moving average of $24.54 and a 200-day moving average of $26.82.
Oil States International (NYSE:OIS) last issued its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.03). Oil States International had a negative net margin of 7.94% and a negative return on equity of 4.21%. The business had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. During the same quarter last year, the firm posted ($0.22) earnings per share. Oil States International’s revenue was down 2.5% on a year-over-year basis. On average, analysts predict that Oil States International will post ($1.00) EPS for the current year.
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Hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC lifted its position in shares of Oil States International by 17.5% during the second quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock worth $111,000 after purchasing an additional 612 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of Oil States International by 95.8% during the second quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock worth $133,000 after buying an additional 2,394 shares during the last quarter. Winch Advisory Services LLC raised its stake in shares of Oil States International by 113.1% during the second quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock worth $156,000 after buying an additional 3,049 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Oil States International during the second quarter worth approximately $159,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Oil States International during the first quarter worth approximately $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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