Shares of Oil States International, Inc. (NYSE:OIS) have been assigned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $30.00.

Several equities research analysts recently commented on OIS shares. Deutsche Bank started coverage on Oil States International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $26.00 price target for the company. Zacks Investment Research raised Oil States International from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Royal Bank Of Canada set a $28.00 price target on Oil States International and gave the company a “hold” rating in a research note on Friday, October 20th. BMO Capital Markets lowered their price target on Oil States International from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, November 9th. Finally, Cowen set a $18.00 price target on Oil States International and gave the company a “market perform” rating in a research note on Monday, October 30th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. lifted its holdings in Oil States International by 0.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 34,672 shares of the oil and gas company’s stock worth $941,000 after purchasing an additional 238 shares during the last quarter. Arizona State Retirement System lifted its holdings in Oil States International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock worth $592,000 after purchasing an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Oil States International by 5.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 7,404 shares of the oil and gas company’s stock worth $245,000 after purchasing an additional 415 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Oil States International by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock worth $111,000 after purchasing an additional 612 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Oil States International by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,744 shares of the oil and gas company’s stock worth $509,000 after purchasing an additional 791 shares during the last quarter.

Oil States International (OIS) traded up $0.20 during trading hours on Friday, reaching $22.90. The company’s stock had a trading volume of 409,100 shares, compared to its average volume of 683,787. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 4.09. Oil States International has a 52 week low of $20.23 and a 52 week high of $41.75.

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 the Thomson Reuters’ consensus estimate of ($0.25) by ($0.02). The business had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $166.94 million. Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. The firm’s revenue was down 8.4% on a year-over-year basis. equities analysts forecast that Oil States International will post -1.07 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Brokerages Set Oil States International, Inc. (OIS) PT at $30.00” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.watchlistnews.com/brokerages-set-oil-states-international-inc-ois-pt-at-30-00/1733553.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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.