Oil States International, Inc. (OIS) Given Average Recommendation of “Hold” by Brokerages
Oil States International, Inc. (NYSE:OIS) has been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $30.00.
OIS has been the topic of several research analyst reports. Deutsche Bank AG initiated coverage on Oil States International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $26.00 price objective on the stock. Zacks Investment Research upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Royal Bank Of Canada set a $28.00 target price on Oil States International and gave the stock a “hold” rating in a research report on Friday, October 20th. BMO Capital Markets dropped their target price on Oil States International from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, November 9th. Finally, J P Morgan Chase & Co dropped their target price on Oil States International from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th.
Institutional investors have recently added to or reduced their stakes in the company. Earnest Partners LLC bought a new position in Oil States International in the second quarter valued at $53,922,000. Balyasny Asset Management LLC grew its stake in shares of Oil States International by 25.0% during the second quarter. Balyasny Asset Management LLC now owns 80,850 shares of the oil and gas company’s stock valued at $2,195,000 after buying an additional 16,173 shares during the last quarter. Hancock Holding Co. bought a new position in shares of Oil States International during the second quarter valued at about $6,944,000. Van ECK Associates Corp grew its stake in shares of Oil States International by 9.1% during the second quarter. Van ECK Associates Corp now owns 462,291 shares of the oil and gas company’s stock valued at $12,551,000 after buying an additional 38,403 shares during the last quarter. Finally, First Manhattan Co. grew its stake in shares of Oil States International by 57.1% during the third quarter. First Manhattan Co. now owns 22,000 shares of the oil and gas company’s stock valued at $557,000 after buying an additional 8,000 shares during the last quarter.
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. analysts predict that Oil States International will post -1.07 earnings per share for the current year.
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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.
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