Oil States International (OIS) Upgraded by Wells Fargo & Co to Outperform

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/03/oil-states-international-ois-raised-to-outperform-at-wells-fargo-co.html.

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)

Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply