Loop Capital set a $33.00 price objective on Oil States International (NYSE:OIS) in a research note released on Wednesday. The firm currently has a buy rating on the oil and gas company’s stock.
A number of other research analysts also recently issued reports on OIS. Raymond James Financial restated a buy rating on shares of Oil States International in a research report on Tuesday. Zacks Investment Research downgraded shares of Oil States International from a hold rating to a sell rating in a research report on Wednesday, August 16th. Cowen set a $24.00 target price on shares of Oil States International and gave the company a hold rating in a research report on Friday, October 6th. BMO Capital Markets restated a hold rating and set a $24.00 target price on shares of Oil States International in a research report on Wednesday, September 6th. Finally, J P Morgan Chase & Co cut their target price on shares of Oil States International from $25.00 to $23.00 and set an overweight rating on the stock in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Oil States International presently has an average rating of Hold and an average target price of $30.18.
Shares of Oil States International (NYSE:OIS) traded up $0.45 during midday trading on Wednesday, reaching $25.50. 1,120,000 shares of the company traded hands, compared to its average volume of 629,114. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 4.09. Oil States International has a 1-year low of $20.23 and a 1-year high of $41.25.
Oil States International (NYSE:OIS) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.02). Oil States International had a negative return on equity of 4.62% and a negative net margin of 8.77%. The company had revenue of $164.00 million for the quarter, compared to analyst estimates of $166.94 million. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. sell-side analysts forecast that Oil States International will post -1.1 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in OIS. Earnest Partners LLC bought a new stake in shares of Oil States International in the 2nd quarter valued at about $53,922,000. Rice Hall James & Associates LLC increased its stake in shares of Oil States International by 452.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock valued at $16,623,000 after acquiring an additional 537,017 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Oil States International by 209.7% in the 2nd quarter. New York State Common Retirement Fund now owns 678,765 shares of the oil and gas company’s stock valued at $18,428,000 after acquiring an additional 459,598 shares during the last quarter. Hancock Holding Co. bought a new stake in shares of Oil States International in the 2nd quarter valued at about $6,944,000. Finally, Van ECK Associates Corp increased its stake in shares of Oil States International by 18.1% in the 3rd quarter. Van ECK Associates Corp now owns 546,072 shares of the oil and gas company’s stock valued at $13,843,000 after acquiring an additional 83,781 shares during the last quarter.
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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.
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