Oil States International (NYSE:OIS)‘s stock had its “buy” rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $28.00 price target on the oil and gas company’s stock, down from their previous price target of $29.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 5.66% from the company’s previous close.
OIS has been the topic of a number of other reports. Royal Bank of Canada set a $29.00 price objective on shares of Oil States International and gave the company a “hold” rating in a research note on Thursday, December 21st. Wells Fargo & Co upgraded shares of Oil States International from a “market perform” rating to an “outperform” rating in a research note on Friday, January 12th. Zacks Investment Research cut shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Loop Capital set a $33.00 price objective on shares of Oil States International and gave the company a “buy” rating in a research note on Wednesday, December 13th. Finally, Evercore ISI cut shares of Oil States International to an “outperform” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Oil States International currently has an average rating of “Hold” and a consensus target price of $28.50.
Shares of Oil States International (OIS) opened at $26.50 on Wednesday. Oil States International has a one year low of $20.23 and a one year high of $38.35. The firm has a market cap of $1,636.72, a PE ratio of -15.68 and a beta of 1.72.
Oil States International (NYSE:OIS) last issued its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.05. Oil States International had a negative net margin of 12.65% and a negative return on equity of 4.57%. The business had revenue of $183.70 million for the quarter, compared to analysts’ expectations of $175.66 million. During the same period in the previous year, the business earned ($0.20) earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. sell-side analysts forecast that Oil States International will post -0.29 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP grew its holdings in Oil States International by 193.8% during the third quarter. Quantbot Technologies LP now owns 5,326 shares of the oil and gas company’s stock worth $135,000 after acquiring an additional 3,513 shares during the period. Amalgamated Bank acquired a new position in Oil States International during the fourth quarter worth about $208,000. Leavell Investment Management Inc. acquired a new position in Oil States International during the fourth quarter worth about $226,000. Public Employees Retirement System of Ohio grew its holdings in Oil States International by 12.9% during the second quarter. Public Employees Retirement System of Ohio now owns 8,361 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 957 shares during the period. Finally, Alps Advisors Inc. acquired a new position in Oil States International during the fourth quarter worth about $245,000.
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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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