Oil States International (OIS) Stock Rating Upgraded by Wells Fargo & Co

Wells Fargo & Co upgraded shares of Oil States International (NYSE:OIS) from a market perform rating to an outperform rating in a report published on Friday, MarketBeat Ratings reports.

OIS has been the subject of several other research reports. Royal Bank of Canada set a $28.00 price objective on Oil States International and gave the company a hold rating in a research report on Friday, October 20th. Deutsche Bank started coverage on Oil States International in a research report on Tuesday, October 10th. They set a hold rating and a $26.00 price objective for the company. Scotiabank set a $41.00 price objective on Oil States International and gave the company a buy rating in a research report on Thursday, October 19th. Cowen set a $24.00 price objective on Oil States International and gave the company a hold rating in a research report on Friday, October 6th. Finally, Loop Capital set a $33.00 price objective on Oil States International and gave the company a buy rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $30.82.

Shares of Oil States International (OIS) traded up $0.45 during mid-day trading on Friday, reaching $34.05. The company had a trading volume of 1,129,000 shares, compared to its average volume of 859,233. Oil States International has a 12 month low of $20.23 and a 12 month high of $41.15. The stock has a market capitalization of $1,740.00, a price-to-earnings ratio of -29.61 and a beta of 1.68. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.09 and a quick ratio of 2.60.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.02). The firm 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%. Oil States International’s quarterly revenue was down 8.4% compared to the same quarter last year. research analysts predict that Oil States International will post -1.1 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Leavell Investment Management Inc. purchased a new position in shares of Oil States International in the 4th quarter worth about $226,000. Public Employees Retirement System of Ohio raised its position in shares of Oil States International by 130.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,263 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 10,902 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Oil States International in the 3rd quarter worth about $282,000. California Public Employees Retirement System raised its position in shares of Oil States International by 9.0% in the 3rd quarter. California Public Employees Retirement System now owns 163,219 shares of the oil and gas company’s stock worth $4,138,000 after purchasing an additional 13,419 shares during the last quarter. Finally, Earnest Partners LLC raised its position in shares of Oil States International by 1.2% in 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 during the last quarter.

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Oil States International Company Profile

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)

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