Brokerages Set Oil States International, Inc. (OIS) Target Price at $31.52
Oil States International, Inc. (NYSE:OIS) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $31.52.
Several analysts have commented on OIS shares. ValuEngine lowered shares of Oil States International from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Raymond James upgraded shares of Oil States International from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $26.00 to $27.00 in a report on Wednesday, March 27th. They noted that the move was a valuation call. SunTrust Banks restated a “buy” rating and issued a $28.00 price objective on shares of Oil States International in a report on Wednesday, February 20th. Royal Bank of Canada set a $44.00 price objective on shares of Oil States International and gave the stock a “hold” rating in a report on Thursday, December 20th. Finally, Wells Fargo & Co upgraded shares of Oil States International from a “market perform” rating to an “outperform” rating and set a $16.21 price objective for the company in a report on Friday, March 29th.
In other news, VP Philip Scott Moses sold 6,583 shares of Oil States International stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $18.51, for a total transaction of $121,851.33. Following the completion of the transaction, the vice president now directly owns 124,432 shares in the company, valued at $2,303,236.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.
Shares of OIS stock traded down $0.26 during trading on Wednesday, hitting $17.94. The company’s stock had a trading volume of 9,020 shares, compared to its average volume of 732,210. The firm has a market cap of $1.09 billion, a PE ratio of -150.33 and a beta of 2.32. The company has a quick ratio of 1.79, a current ratio of 2.95 and a debt-to-equity ratio of 0.21. Oil States International has a 52 week low of $13.20 and a 52 week high of $38.95.
Oil States International (NYSE:OIS) last released its earnings results on Wednesday, February 13th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06). The business had revenue of $274.12 million during the quarter, compared to the consensus estimate of $260.00 million. Oil States International had a negative net margin of 1.76% and a negative return on equity of 0.58%. The business’s revenue was up 49.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.18) earnings per share. On average, research analysts expect that Oil States International will post -0.45 earnings per share for the current year.
About Oil States International
Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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