Oil States International, Inc. (NYSE:OIS) received a $24.00 price target from analysts at Cowen and Company in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Cowen and Company’s target price would indicate a potential downside of 5.14% from the stock’s current price.

Several other research analysts have also commented on OIS. BidaskClub raised shares of Oil States International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Wells Fargo & Company initiated coverage on shares of Oil States International in a research note on Friday, June 16th. They issued an “outperform” rating and a $33.00 price objective for the company. Morgan Stanley lowered shares of Oil States International from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $55.00 to $32.00 in a research note on Wednesday, June 21st. BMO Capital Markets reissued a “hold” rating on shares of Oil States International in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $44.00 price objective on shares of Oil States International in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $33.55.

Oil States International (NYSE:OIS) opened at 25.30 on Friday. The stock’s market capitalization is $1.29 billion. The company’s 50 day moving average is $23.68 and its 200-day moving average is $27.35. Oil States International has a 1-year low of $20.90 and a 1-year high of $41.75.

Oil States International (NYSE:OIS) last announced its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.03). The company had revenue of $171.40 million for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned ($0.22) EPS. Analysts forecast that Oil States International will post ($0.97) earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in OIS. LS Investment Advisors LLC increased its holdings in shares of Oil States International by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 612 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Oil States International by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 2,394 shares during the period. Winch Advisory Services LLC increased its holdings in shares of Oil States International by 113.1% in the 2nd quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 3,049 shares during the period. Integrated Investment Consultants LLC acquired a new position in shares of Oil States International in the 2nd quarter valued at $159,000. Finally, OppenheimerFunds Inc. acquired a new position in shares of Oil States International in the 1st quarter valued at $211,000.

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)

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