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 reports.
Several other research analysts also recently issued reports on OIS. Loop Capital set a $31.00 price target on shares of Oil States International and gave the stock a buy rating in a research report on Wednesday, November 1st. Scotiabank set a $41.00 price target on shares of Oil States International and gave the stock a buy rating in a research report on Thursday, October 19th. Raymond James Financial reiterated a buy rating on shares of Oil States International in a research report on Tuesday, December 12th. JPMorgan Chase & Co. set a $29.00 price target on shares of Oil States International and gave the stock a buy rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research raised Oil States International from a sell rating to a hold rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Oil States International has a consensus rating of Hold and a consensus price target of $29.70.
Shares of Oil States International (NYSE OIS) traded down $1.30 during trading hours on Friday, hitting $31.00. 470,758 shares of the stock traded hands, compared to its average volume of 767,301. Oil States International has a 52 week low of $20.23 and a 52 week high of $41.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.09 and a quick ratio of 2.60. The firm has a market cap of $1,650.18, a P/E ratio of -27.19 and a beta of 1.72.
Hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new stake in shares of Oil States International in the 3rd quarter valued at about $282,000. Earnest Partners LLC increased its stake in Oil States International by 1.2% during the 3rd quarter. Earnest Partners LLC now owns 2,009,633 shares of the oil and gas company’s stock worth $50,944,000 after purchasing an additional 23,545 shares in the last quarter. Aperio Group LLC increased its stake in Oil States International by 26.1% during the 3rd quarter. Aperio Group LLC now owns 69,318 shares of the oil and gas company’s stock worth $1,757,000 after purchasing an additional 14,344 shares in the last quarter. Balyasny Asset Management LLC increased its stake in Oil States International by 25.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 80,850 shares of the oil and gas company’s stock worth $2,195,000 after purchasing an additional 16,173 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Oil States International by 35.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 210,216 shares of the oil and gas company’s stock worth $5,329,000 after purchasing an additional 54,770 shares in 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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