Analysts Set Oil States International, Inc. (OIS) Target Price at $33.55
Oil States International, Inc. (NYSE:OIS) has been given an average rating of “Hold” by the fifteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $33.55.
OIS has been the topic of several analyst reports. Loop Capital reissued a “buy” rating on shares of Oil States International in a report on Monday, July 3rd. Scotiabank set a $41.00 target price on Oil States International and gave the stock a “buy” rating in a report on Tuesday, August 1st. Morgan Stanley lowered Oil States International from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $55.00 to $32.00 in a report on Wednesday, June 21st. Royal Bank Of Canada reissued a “hold” rating and set a $44.00 target price on shares of Oil States International in a report on Friday, June 30th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $35.00 target price (down from $37.00) on shares of Oil States International in a report on Tuesday, May 30th.
Shares of Oil States International (NYSE OIS) traded down 0.634% during midday trading on Tuesday, hitting $24.295. 415,274 shares of the stock traded hands. Oil States International has a 1-year low of $20.90 and a 1-year high of $41.75. The stock has a 50 day moving average of $23.06 and a 200 day moving average of $28.33. The company’s market capitalization is $1.24 billion.
Oil States International (NYSE:OIS) last released its 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). The company had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company posted ($0.22) earnings per share. Equities research analysts predict that Oil States International will post ($0.97) earnings per share for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its stake in Oil States International by 49.4% in the first quarter. Canada Pension Plan Investment Board now owns 76,800 shares of the oil and gas company’s stock valued at $2,546,000 after buying an additional 25,400 shares in the last quarter. Geode Capital Management LLC boosted its stake in Oil States International by 7.2% in the first quarter. Geode Capital Management LLC now owns 403,234 shares of the oil and gas company’s stock valued at $13,367,000 after buying an additional 27,159 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Oil States International by 14.2% in the first quarter. Eagle Asset Management Inc. now owns 46,685 shares of the oil and gas company’s stock valued at $1,547,000 after buying an additional 5,793 shares in the last quarter. American International Group Inc. boosted its stake in Oil States International by 4.1% in the first quarter. American International Group Inc. now owns 132,308 shares of the oil and gas company’s stock valued at $4,386,000 after buying an additional 5,233 shares in the last quarter. Finally, United Services Automobile Association boosted its stake in shares of Oil States International by 4.7% during the first quarter. United Services Automobile Association now owns 334,000 shares of the oil and gas company’s stock valued at $11,072,000 after purchasing an additional 15,000 shares in the last quarter.
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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