Oil States International (NYSE:OIS) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.
Several other analysts have also recently commented on OIS. JPMorgan Chase set a $29.00 target price on Oil States International and gave the stock a “buy” rating in a research report on Thursday, December 21st. Royal Bank of Canada set a $29.00 price objective on Oil States International and gave the company a “hold” rating in a research report on Thursday, December 21st. Wells Fargo raised Oil States International from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Finally, Evercore ISI cut Oil States International to an “outperform” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.73.
Shares of Oil States International stock opened at $32.65 on Wednesday. The firm has a market capitalization of $1,860.46, a PE ratio of -30.80 and a beta of 1.75. Oil States International has a 12 month low of $20.23 and a 12 month high of $34.72.
Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, February 14th. The oil and gas company reported ($0.18) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.05. The business had revenue of $183.70 million during the quarter, compared to analysts’ expectations of $175.66 million. Oil States International had a negative return on equity of 4.57% and a negative net margin of 12.65%. Oil States International’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.20) earnings per share. research analysts expect that Oil States International will post -0.2 EPS for the current year.
In other Oil States International news, major shareholder Holdings B.V. Hcperf sold 5,925,050 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $25.79, for a total transaction of $152,807,039.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.97% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank bought a new position in Oil States International during the fourth quarter valued at about $208,000. Leavell Investment Management Inc. bought a new position in Oil States International during the fourth quarter valued at about $226,000. Alps Advisors Inc. bought a new position in Oil States International during the fourth quarter valued at about $245,000. Teachers Retirement System of The State of Kentucky raised its holdings in Oil States International by 59.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 12,840 shares of the oil and gas company’s stock valued at $363,000 after buying an additional 4,800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Oil States International by 130.4% during the third quarter. Public Employees Retirement System of Ohio now owns 19,263 shares of the oil and gas company’s stock valued at $488,000 after buying an additional 10,902 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.
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About Oil States International
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and gas companies worldwide. It operates through two segments, Well Site Services and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.
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