Wells Fargo & Co upgraded shares of Oil States International (NYSE:OIS) from a market perform rating to an outperform rating in a research note released on Friday, January 12th, Marketbeat Ratings reports.
OIS has been the subject of several other reports. Royal Bank of Canada set a $29.00 price target on Oil States International and gave the company a hold rating in a research report on Thursday, December 21st. JPMorgan Chase & Co. set a $29.00 price target on Oil States International and gave the company a buy rating in a research report on Thursday, December 21st. Deutsche Bank started coverage on Oil States International in a research report on Tuesday, October 10th. They set a hold rating and a $26.00 price target for the company. Cowen set a $24.00 price target on Oil States International and gave the company a hold rating in a research report on Friday, October 6th. Finally, Zacks Investment Research raised Oil States International from a sell rating to a hold rating in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $29.70.
Oil States International (OIS) traded down $1.15 during mid-day trading on Friday, reaching $32.45. The company’s stock had a trading volume of 678,300 shares, compared to its average volume of 856,658. Oil States International has a 1-year low of $20.23 and a 1-year high of $41.15. The company has a market cap of $1,660.00, a P/E ratio of -28.22 and a beta of 1.68. The company has a quick ratio of 2.60, a current ratio of 4.09 and a debt-to-equity ratio of 0.02.
Oil States International (NYSE:OIS) last released its earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates 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 business 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. equities analysts predict that Oil States International will post -1.1 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in OIS. Riverhead Capital Management LLC raised its stake in Oil States International by 95.8% during 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 last quarter. Quantbot Technologies LP increased its stake in Oil States International by 193.8% in the 3rd quarter. Quantbot Technologies LP now owns 5,326 shares of the oil and gas company’s stock valued at $135,000 after purchasing an additional 3,513 shares in the last quarter. Leavell Investment Management Inc. purchased a new position in Oil States International in the 4th quarter valued at approximately $226,000. Public Employees Retirement System of Ohio grew its holdings in Oil States International by 12.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,361 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 957 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in Oil States International during the 3rd quarter valued at $282,000.
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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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