Oil States International, Inc. (NYSE:OIS) Receives $18.67 Average Price Target from Brokerages

Shares of Oil States International, Inc. (NYSE:OIS) have received a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $18.67.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Oil States International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. ValuEngine cut shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Wells Fargo & Co upped their price target on shares of Oil States International from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. G.Research reiterated a “buy” rating on shares of Oil States International in a research note on Monday, October 28th. Finally, Morgan Stanley lowered their target price on shares of Oil States International from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th.

Shares of OIS stock traded down $0.34 during trading on Friday, reaching $14.81. 291,831 shares of the company’s stock traded hands, compared to its average volume of 393,250. The company has a market capitalization of $921.42 million, a P/E ratio of -123.42 and a beta of 2.36. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average is $16.39 and its 200 day moving average is $14.91. Oil States International has a 1 year low of $11.73 and a 1 year high of $21.27.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. The company had revenue of $263.70 million for the quarter, compared to analysts’ expectations of $266.70 million. Oil States International had a negative net margin of 6.70% and a negative return on equity of 2.71%. Oil States International’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS. As a group, sell-side analysts predict that Oil States International will post -0.55 earnings per share for the current fiscal year.

In other Oil States International news, VP Lias Jeff Steen sold 15,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $16.62, for a total value of $249,300.00. Following the sale, the vice president now directly owns 245,608 shares in the company, valued at approximately $4,082,004.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kleef William T. Van sold 7,383 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $17.44, for a total transaction of $128,759.52. Following the completion of the sale, the director now owns 38,326 shares in the company, valued at $668,405.44. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Oil States International by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 961,883 shares of the oil and gas company’s stock worth $17,603,000 after buying an additional 84,471 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Oil States International by 17.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 267,935 shares of the oil and gas company’s stock worth $4,903,000 after buying an additional 40,585 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Oil States International by 44.4% in the 3rd quarter. California Public Employees Retirement System now owns 106,593 shares of the oil and gas company’s stock worth $1,418,000 after buying an additional 32,796 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Oil States International by 0.7% in the 2nd quarter. Earnest Partners LLC now owns 2,079,679 shares of the oil and gas company’s stock worth $38,058,000 after buying an additional 14,123 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Oil States International by 7.0% in the 3rd quarter. Rhumbline Advisers now owns 196,848 shares of the oil and gas company’s stock worth $2,618,000 after buying an additional 12,902 shares during the last quarter.

Oil States International Company Profile

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 in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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Analyst Recommendations for Oil States International (NYSE:OIS)

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