Oil States International, Inc. (OIS) Given Consensus Rating of “Hold” by Brokerages

Shares of Oil States International, Inc. (NYSE:OIS) have earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $29.33.

A number of equities analysts recently commented on OIS shares. BMO Capital Markets cut their price objective on Oil States International from $24.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, November 9th. JPMorgan Chase & Co. set a $29.00 price objective on Oil States International and gave the stock a “buy” rating in a research note on Thursday, December 21st. Wells Fargo & Co raised Oil States International from a “market perform” rating to an “outperform” rating in a research note on Friday, January 12th. Royal Bank of Canada set a $29.00 price objective on Oil States International and gave the stock a “hold” rating in a research note on Thursday, December 21st. Finally, Raymond James Financial reaffirmed a “buy” rating on shares of Oil States International in a research note on Tuesday, December 12th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. lifted its stake in Oil States International by 0.7% in the second quarter. UBS Asset Management Americas Inc. now owns 34,672 shares of the oil and gas company’s stock valued at $941,000 after buying an additional 238 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Oil States International by 12.9% during the second quarter. Public Employees Retirement System of Ohio now owns 8,361 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 957 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Oil States International by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 142,197 shares of the oil and gas company’s stock worth $3,861,000 after purchasing an additional 2,337 shares during the period. New York State Common Retirement Fund raised 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 purchasing an additional 2,522 shares during the period. Finally, Quantbot Technologies LP raised its position in shares of Oil States International by 193.8% during the third quarter. Quantbot Technologies LP now owns 5,326 shares of the oil and gas company’s stock worth $135,000 after purchasing an additional 3,513 shares during the period.

Oil States International (OIS) traded down $0.70 during trading on Friday, hitting $27.50. The company had a trading volume of 479,567 shares, compared to its average volume of 771,234. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 4.09. The firm has a market capitalization of $1,504.58, a price-to-earnings ratio of -24.17 and a beta of 1.72. Oil States International has a one year low of $20.23 and a one year high of $41.10.

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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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