Oil States International, Inc. (OIS) Receives Average Recommendation of “Hold” from Brokerages

Oil States International, Inc. (NYSE:OIS) has earned an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $30.60.

Several research firms recently commented on OIS. Royal Bank of Canada set a $29.00 price objective on Oil States International and gave the company a “hold” rating in a research note on Thursday, December 21st. Wells Fargo & Co upgraded Oil States International from a “market perform” rating to an “outperform” rating in a research note on Friday. Zacks Investment Research upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Loop Capital set a $33.00 target price on Oil States International and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Finally, Deutsche Bank began coverage on 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.

Oil States International (NYSE OIS) traded up $0.45 during trading on Monday, reaching $34.05. The company had a trading volume of 1,129,000 shares, compared to its average volume of 859,233. Oil States International has a fifty-two week low of $20.23 and a fifty-two week high of $41.15. The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1,739.59, a P/E ratio of -29.87 and a beta of 1.68.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.02). Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. The firm had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $166.94 million. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. equities analysts anticipate that Oil States International will post -1.1 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Oil States International by 2.5% during the second quarter. State Street Corp now owns 2,062,339 shares of the oil and gas company’s stock worth $55,992,000 after acquiring an additional 50,820 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Oil States International by 1.2% during the third quarter. Earnest Partners LLC now owns 2,009,633 shares of the oil and gas company’s stock worth $50,944,000 after acquiring an additional 23,545 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Oil States International by 4.9% during the second quarter. Thrivent Financial For Lutherans now owns 1,474,076 shares of the oil and gas company’s stock worth $40,022,000 after acquiring an additional 68,650 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Oil States International by 0.4% during the third quarter. New York State Common Retirement Fund now owns 681,287 shares of the oil and gas company’s stock worth $17,271,000 after acquiring an additional 2,522 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Oil States International by 452.3% in the third quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock worth $16,623,000 after purchasing an additional 537,017 shares during the period.

WARNING: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/15/oil-states-international-inc-ois-receives-average-recommendation-of-hold-from-brokerages.html.

About Oil States International

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)

Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply