Oil States International (NYSE:OIS) received a $33.00 price target from stock analysts at Loop Capital in a research note issued on Wednesday. The firm currently has a “buy” rating on the oil and gas company’s stock. Loop Capital’s target price indicates a potential upside of 33.87% from the company’s current price.

Several other equities research analysts have also recently commented on OIS. Deutsche Bank began coverage on shares of Oil States International in a research report on Tuesday, October 10th. They issued a “hold” rating and a $26.00 target price for the company. Royal Bank of Canada set a $30.00 target price on shares of Oil States International and gave the stock a “hold” rating in a research report on Saturday, October 7th. Cowen set a $24.00 target price on shares of Oil States International and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, BMO Capital Markets dropped their target price on shares of Oil States International from $24.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.18.

Shares of Oil States International (NYSE OIS) traded up $1.25 on Wednesday, reaching $24.65. 2,126,236 shares of the company’s stock traded hands, compared to its average volume of 683,471. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.09 and a quick ratio of 2.60. Oil States International has a fifty-two week low of $20.23 and a fifty-two week high of $41.25.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.02). The firm had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $166.94 million. Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. Oil States International’s quarterly revenue was down 8.4% on a year-over-year basis. equities research analysts forecast that Oil States International will post -1.09 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of OIS. Canada Pension Plan Investment Board increased its stake in shares of Oil States International by 16.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 89,400 shares of the oil and gas company’s stock worth $2,427,000 after acquiring an additional 12,600 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Oil States International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock worth $592,000 after acquiring an additional 400 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Oil States International by 9.4% in the 2nd quarter. SG Americas Securities LLC now owns 24,995 shares of the oil and gas company’s stock worth $679,000 after acquiring an additional 2,144 shares in the last quarter. Nikko Asset Management Americas Inc. increased its stake in shares of Oil States International by 22.9% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 387,400 shares of the oil and gas company’s stock worth $10,518,000 after acquiring an additional 72,100 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Oil States International by 20.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,200 shares of the oil and gas company’s stock worth $277,000 after acquiring an additional 1,700 shares in the last quarter.

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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.

Analyst Recommendations for Oil States International (NYSE:OIS)

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